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Transcript: CONSOLIDATION IN THE TELEPHONE INDUSTRY:HERB KOHL
- Article from:
- Congressional Testimony
- Article date:
- May 19, 1998
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Statement of Senator Herb Kohl Antitrust Subcommittee Hearing on Consolidation
in the Telephone Industry May 19, 1998
Thank you, Mr. Chairman. Since the Telecom Act was signed into law,
we
have witnessed an explosion of telephone company mergers, including
a number
of Bell company mergers. Today, our aim is to look at those mergers
and
examine whether, on balance, they are good or bad for consumers. Our
point
of departure is the recent SBC/Ameritech deal, which at an estimated
$60
billion dwarfs all of its predecessors in size and scope. It again
presents
us with the promise of competition tomorrow, but the reality of consolidation
today.
Let me start by commending ...