P.M. BRIEFING : AT&T; to Cut Residential Rates
American Telephone & Telegraph Co. announced today that it will reduce rates by $300 million a year on interstate and international long-distance services used primarily by residential and small business customers.
The price reductions will take effect Jan. 1, AT&T; said. The company said they would apply to its basic long-distance service plus international calls and the AT&T; “Reach Out America” and optional long-distance plans.
The reduction will be the company’s 10th since 1984 and will bring total rate decreases to 40% in the six years since the breakup of the Bell System, the company announcement said.
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