FCC Seeking to Cut Overseas Phone Rates:...
From Times Staff and Wire Reports
FCC Seeking to Cut Overseas Phone Rates: The Federal Communications Commission is seeking to force down international phone rates by 50% within three years, an action that could save American consumers billions of dollars a year, the New York Times reported. The agency contends that foreign telephone monopolies are keeping rates artificially high, despite cost-saving improvements in technology, the Times said. The FCC effort is likely to meet stiff resistance from foreign governments.