Berkeley CSUA MOTD:Entry 40021
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2005/10/7-9 [Uncategorized] UID:40021 Activity:nil 80%like:40012
10/7    Talk about full circle: SBC may rename itself AT&T after merger:
        http://tinyurl.com/bkdbn (news.yahoo.com)
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tinyurl.com/bkdbn -> news.yahoo.com/s/usatoday/20051007/bs_usatoday/atampttoliveonaftermerger&printer=1;_ylt=Aj.hUEb2PEnuFcWzHSAL3pvrB2YD;_ylu=X3oDMTA3MXN1bHE0BHNlYwN0bWE-
AT&T to live on after merger By Leslie Cauley, USA TODAYFri Oct 7, 7:25 AM ET SBC plans to dump its corporate moniker and adopt the fabled AT&T name on ce federal regulators bless the two companies' merger, people with direc t knowledge of the matter say. Those people caution that it's possible SBC's plan could still change. Th e company might also choose to keep the SBC name in a limited way, perha ps only in the 13 states where it now provides traditional phone service . But barring a reversal, the 130-year-old AT&T brand is poised to endur e The Federal Communications Commission, whose approval is needed, is set t o discuss the SBC-AT&T deal at its Oct. Sources would not speak on the record because the deal has yet to be approved. At the same meeting, the FCC plans to consider the Verizon-MCI merger. Th at deal won overwhelming support Thursday from MCI shareholders. The Justice Department, whose backing both mergers also need, is likely t o give them a light touch, people with direct knowledge say. Justice is considering forcing SBC and Verizon to lease out to rivals "special acce ss" lines - high-capacity lines that big businesses use - in 400 to 500 office buildings. That's a small portion of the thousands of buildings t hose two carriers serve. The deals also need approval from some individual states, which can impos e conditions. But no major conditions have been attached by the states s o far. The AT&T-SBC merger has the blessing it needs from 33 of 36 states. Penns ylvania, considered a tough regulatory state, gave its approval Thursday - with no conditions. MCI and Verizon, which announced their deal about two weeks after SBC and AT&T revealed theirs, is further behind. As of Thursday, those carriers had approvals from 19 states, with 12 to go. SBC says it's on track to seal its merger with AT&T by the end of November. Verizon says it expect s to close its MCI deal by early next year. One of the last lingering questions was what would happen to the storied AT&T name. SBC CEO Ed Whitacre, a veteran of the Bell System, had made c lear he favored adopting AT&T's name, one of the world's most recognized brands. The current plan calls for SBC to adopt the AT&T logo, with a slight twis t: The blue-and-white AT&T sphere is being tweaked, one person says;
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news.yahoo.com
News Home - 10 Help Welcome, Guest 11 Personalize News Home Page - 12 Sign In Yahoo! National 17 Business 18 World 19 Entertainment 20 Sports 21 Technology 22 Politics 23 Science 24 Health 25 Oddly Enough 26 Op/Ed 27 Local 28 Comics 29 News Photos 30 Most Popular 31 Weather 32 Audio/Video 33 Full Coverage Slideshows 34 Photo 35 Photo Highlight Slideshow A man wearing a smiling box hat is kissed during Kentucky Derby day festivities at Churchill Downs, May 1, 2004, in Louisville, Ky. The action marked the second time this year the federal government has intervened to alter flight schedules, and it is the latest example of the government injecting itself in the business of running airlines.