FCC Allows AT&T; Pricing Plan: The Federal...

FCC Allows AT&T; Pricing Plan: The Federal Communications Commission said it denied a request to delay a new pricing scheme scheduled to go into effect July 1 for American Telephone & Telegraph. The requests for a stay had been filed in June by the Puerto Rico Telephone Co. and La Telefonica Larga Distancia, which had said the new plan to place a “cap” on the prices AT&T; can charge would put the two firms at a competitive disadvantage. They also said the plan would harm the public interest. But the FCC said the companies failed to provide adequate reasons for a stay and that the public would benefit from the new pricing.