FCC Can’t Agree on Phone Mergers
From Associated Press
Federal regulators failed to reach agreement on whether to approve SBC Communications Inc.’s takeover of AT&T; Corp. and Verizon Communications Inc.’s purchase of MCI Inc.
The Federal Communications Commission met through the day but could not agree on what conditions, if any, should be attached to the deals. Another meeting was set for Monday.
FCC Chairman Kevin J. Martin, who supports the mergers, has pressed for no conditions at all. He needs backing by at least one of the two Democratic commissioners on the four-member panel to get a majority.
