1994-07-18, English, Article, Other article edition: AT&T signs consent decree with the U.S.; pact would let firm buy McCaw but adds curbs to ensure competition. (McCaw Cellular Communications) Carnevale, Mary Lu

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Bookmark: http://trove.nla.gov.au/version/110630421
Physical Description
  • Newspaper article
Published
  • Dow Jones &​ Company, Inc., 1994 July 18
Language
  • English

Edition details

Title
  • AT&​T signs consent decree with the U.S.; pact would let firm buy McCaw but adds curbs to ensure competition. (McCaw Cellular Communications)
Also Titled
  • AT&​T signs consent decree with the U.S.; pact would let firm buy McCaw but adds curbs to ensure competition.
Appears In
  • The Wall Street Journal Western Edition, 1994 July 18, pA2(W) pA2(E) (ISSN: 0193-2241)
Author
  • Carnevale, Mary Lu
Published
  • Dow Jones &​ Company, Inc., 1994 July 18
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
  • Trade
Summary
  • AT&​T and the Department of Justice sign an antitrust decree that is expected to pave the way for AT&​T's planned $12.6 billion acquisition of McCaw Cellular Communications scheduled for Sep 1994. The decree still has to be approved by federal District Judge Harold Greene, who oversees an earlier consent decree that dismantled the Bell System telephone monopoly. The latest consent decree, once ratified, will enable the nation's largest long-distance and telecommunications supplier to join forces with the country's largest cellular telephone company. The Department of Justice has incorporated certain restrictions into the decree to prevent the merged company from unfairly competing against smaller firms. One of the restrictions calls for AT&​T to maintain McCaw as a separate subsidiary. It is also obligated to allow McCaw customers to choose from a variety of long-distance carriers for their cellular service.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15579581

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