July 1, 2005 |
AT&T Corp. shareholders approved the company's $16-billion acquisition by SBC Communications Inc., which would create one of the world's largest phone companies. The merger has won regulatory approval in 26 states and still needs OKs from 10 additional states and the federal government. If it is approved, closing is expected late this year or early next year.
June 22, 2004 |
Mexico issued new telecommunications regulations to boost competition in the international long-distance market, seven years after it was opened to foreign companies such as MCI Inc. and AT&T Corp. The rules come three weeks after the United States and Mexico resolved a long-running dispute over international telecommunications services. The new rules entitle phone companies to negotiate fees to finish calls abroad with foreign companies of their choice.