AT&T; to Cut Rates 4.8% July 1

American Telephone & Telegraph Co. announced today that it plans to cut its long-distance rates by about 4.8% on July 1 to reflect a government-ordered increase in the subscriber line charge.

The cut would bring to nearly 16% total reductions in AT&T;’s long-distance prices this year and nearly 34% since the Bell system was broken up three years ago. The latest reduction results from a Federal Communications Commission order that increases the $2 subscriber line charge by $1.50 over the next two years, beginning July 1.