1994-07-15, English, Article, Other article edition: FCC approves purchase by BT of MCI stake. (British Telecommunications PLC) Carnevale, Mary Lu

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Bookmark: https://trove.nla.gov.au/version/110627155
Physical Description
  • Newspaper article
Published
  • Dow Jones &​ Company, Inc., 1994 July 15
Language
  • English

Edition details

Title
  • FCC approves purchase by BT of MCI stake. (British Telecommunications PLC)
Also Titled
  • FCC approves purchase by BT of MCI stake.
Appears In
  • The Wall Street Journal Western Edition, 1994 July 15, pB7(W) pB3(E) (ISSN: 0193-2241)
Author
  • Carnevale, Mary Lu
Published
  • Dow Jones &​ Company, Inc., 1994 July 15
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
  • Trade
Summary
  • The FCC approves a $4.3 billion investment in MCI by British Telecommunications PLC (BT), the United Kingdom's largest telephone service provider. The investment will give BT a 20 percent stake in MCI. The commission imposes restrictions on the investment which will prevent BT from giving MCI favorable contracts over other US long-distance telephone carriers. The FCC also forbids MCI from receiving any concessions from international telephone carriers and requires the company to place information on its telephone traffic in the public domain. The company will give the commission information on its quarterly revenue regarding the amount of messages and minutes of calls it handles between the US and the United Kingdom. The FCC also approves BT's and MCI's application to jointly operate Concert, a company to manage the international telecommunication services of companies.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15575659

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