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AT&T to Cut Rates 4.8% July 1

May 13, 1987|Associated Press

WASHINGTON — American Telephone & Telegraph Co. announced today that it plans to cut its long-distance rates by about 4.8% on July 1 to reflect a government-ordered increase in the subscriber line charge.

The cut would bring to nearly 16% total reductions in AT&T's long-distance prices this year and nearly 34% since the Bell system was broken up three years ago. The latest reduction results from a Federal Communications Commission order that increases the $2 subscriber line charge by $1.50 over the next two years, beginning July 1.

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