Mergers in the Telecommunications Industry: Hearing Before the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Sixth Congress, First Session, November 8, 1999 |
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acquisition antitrust areas AT&T Bell benefits billion broadband access broadcast bundle Cable & Wireless carriers Chairman Kennard combined Committee compete competition competitors concerned Congress consolidation Consumers Union cost customers Department of Justice deregulation divest divestiture dominant economic enforcement ensure European Commission Federal Communications Commission Federal Trade Commission firms global operations going growth hearing increased integrated Internet access Internet backbone investment John Sidgmore Kimmelman long distance look market power marketplace McCain MCI and WorldCom MCI WorldCom mega-Bells megamergers merg merger of MCI merger wave Mike McTighe monopoly networks open access ownership percent PITOFSKY players PREPARED STATEMENT programming proposed merger public interest question radio regulators regulatory revenues Robert Pitofsky sector Senator BROWNBACK Senator BRYAN Senator WYDEN Sidgmore stations sumers tele Telecom Act telecommunications telecommunications industry telecommunications mergers telephone testimony Thank tion transaction U.S. SENATOR UUNet Warner WorldCom and Sprint
Popular passages
Page 23 - Thank you, Mr. Chairman. The CHAIRMAN. Senator Brownback. STATEMENT OF HON. SAM BROWNBACK, US SENATOR FROM KANSAS Senator BROWNBACK. Thank you, Mr. Chairman, and thanks for holding this hearing.
Page 34 - By way of introduction, I am not a traditional Wall Street sell-side analyst who analyzes companies or recommends the purchase of stocks. For Legg Mason, I run an investment research group that tracks regulatory, technological, and competitive developments in the communications, technology, and e-commerce sectors for large institutional investors.
Page 16 - eliminating firms that would have entered markets; raising barriers to entry; discouraging investment; increasing the ability of the merged entity to engage in anti-competitive conduct; and making it more difficult for the Commission and State Public Utility Commissions to monitor and implement pro-competitive policies.
Page 50 - ••Statement of William T. Esrey, CEO Sprint, before the Antitrust, Business Rights, and Competition Subcommittee of the US Senate Committee on the Judiciary, September 15, 1998.
Page 47 - STATEMENT OF GENE KIMMELMAN, CO-DIRECTOR, CONSUMERS UNION Mr. Kimmelman: Thank you, Mr. Chairman, members of the Committee. On behalf of Consumers Union, publisher of Consumer Reports,
Page 34 - months. In that context, I offer the following insights and observations in hopes that they will be useful to the Committee.
Page 33 - Thank you for the time, Mr. Chairman. [The prepared statement of Mr. Cleland follows:] PREPARED STATEMENT OF SCOTT C. CLELAND, MANAGING DIRECTOR,
Page 55 - and I would be happy to address any questions you may have. PREPARED STATEMENT
Page 47 - the opportunity to appear before the Committee. The CHAIRMAN. Thank you. Mr. Kimmelman. STATEMENT OF GENE KIMMELMAN, CO-DIRECTOR, CONSUMERS UNION Mr. Kimmelman: Thank you, Mr. Chairman,
Page 46 - the opportunity to appear before you. I would be happy to answer