Bells Challenge FCC Ruling
A week after the FCC finally spewed out its 576-page Triennial Review document (see FCC Rules Out!), BellSouth Corp. (NYSE: BLS), Qwest Communications International Inc. (NYSE: Q), and SBC Communications Inc. (NYSE: SBC), along with industry organization the United States Telecom Association (USTA), have gone to court to challenge the FCC's decisions (see USTA, RBOCs Challenge FCC).
They have filed their grievances with the U.S. Court of Appeals for the District of Columbia in a bid to kill off the UNE-P ruling, which obliges the regional Bell operating companies (RBOCs) to provide competitive service providers with discounted access to their networks. The fourth RBOC, Verizon Communications Inc. (NYSE: VZ), is set to follow suit with its own petition soon.
To get the details on this legal challenge, read the full story on our sister site, Boardwatch. — Ray Le Maistre, International Editor, Boardwatch