AT&T REACTION TO FCC PRICE CAP ACTION.WASHINGTON--(BUSINESS WIRE)--March 30, 1995--AT&T today issued the following statement in response to the FCC's price cap decision: "The FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. today moved in the right direction by lowering the access fees charged by local telephone companies. "Unfortunately, today's action doesn't does·n't Contraction of does not. go far enough. Access charges continue to be overpriced o·ver·price tr.v. o·ver·priced, o·ver·pric·ing, o·ver·pric·es To put too high a price or value on. overpriced Adjective costing more than it is thought to be worth Adj. and fail to accurately reflect the underlying cost of providing service. "We believe that fair competition in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry -- for the local market and access charges -- can bring numerous benefits to consumers. "This has been proven in the long-distance long-dis·tance adj. 1. Covering a long distance: a long-distance runner; operating under long-distance supervision. 2. segment of the industry, where prices have dropped a dramatic 66 percent since intense competition began about 10 years ago. In fact, long-distance price reductions significantly exceed the total reduction in local telephone company access charges. "Long-distance prices have dropped by about 35 percent more than access charges have decreased between 1984 and 1994. "In addition to reduced prices, today's long-distance customers enjoy a variety of new services, also spurred by competition." CONTACT: Herb Linnen 202/457-3933 (office) 202/333-9162 (home) or Jim McGann 202/457-3942 (office) 301/585-5519 (home) |
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