CNET también está disponible en español. Don't show this again. BellSouth directors have approved a two-for-one stock split, the second split in the last three years. The company also said it would repurchase up to $3 billion of its outstanding stock, and increase its quarterly dividend by 2 cents to 38 cents per share. The split shares will be distributed to shareholders on Christmas Eve. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
CNET también está disponible en español, Don't show this again, The long distance companies say they want equal footing with the local companies--without the need for callers to dial special access codes to use their services, Regulators have already given them this power in 21 states, prompting a drop in the prices of local toll calls there, as iphone case usb c companies compete for business, The issue stems from a provision in the 1996 Telecommunications Act, which says states can break up the baby Bells' default access to these local toll calls as soon as the Bells have won access to the long distance markets, or three years after the passage of the Act, whichever comes first..
No baby Bell has yet won approval to enter the long distance market in its home territory. The three-year anniversary of the Telecommunications Act is February 8, and the long distance companies say it's time for state regulators to act. "We didn't want to wait until February to say flip the switch, turn this on, knowing that this would be a long process," said James Peterson, a spokesman for AT&T. "Our goal is to raise the level of awareness and attention and let everyone know we're serious.".
For their part, Pacific Bell executives say the long distance companies shouldn't be given the local edge until Bell companies are allowed to offer long distance service in their own home markets, "Our position is that this is supposed to happen when we're allowed into long distance," said MikeMoffett, a spokesman for SBC Communications , Pacific Bell's parent company, Potential rivals say, however, that the Bells are the cause of their own slow entry into long distance, "They already have the power to iphone case usb c get into interstate markets," said MCI WorldCom spokeswoman Barbara Gibson, "All they have to do is open up their local markets to competition, But they haven't done that yet."..
Pacific Bell asked California state regulators earlier in the year for approval to enter the long distance markets. Utility commissioners said the baby Bell had yet to complete enough of the items on a federal 14-point checklist measuring how far it has opened its local markets to rivals. In California, the long distance companies' request is supported by the state's Office of the Ratepayer Advocate, a consumer protection body affiliated with the Public UtilityCommission. The office has sent a letter to the commission supporting the AT&T/MCI bid.
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