Telecom & Wireless

AT&T's Soft Offer (T)(BLS)(GOOG)(VG)

AT&T got a little scared over the FCC delay of its BellSouth merger? Nope

The big phone company said it would make certain concessions like offering stand alone DSL and ‘Net neutrality" for two years so that companies like Google would not be asked to pay higher prices to the company because their volume of traffic is so expensive.

The high-speed service offer is seen as helping companies like Vonage, who need the network for their service.

For a company the size of AT&T/BellSouth, the offer is very, very modest. Whether the FCC sees it as that is another matter.

But, if the federal agency has real concerns about the impact of the merger on consumers and busines customers, it should not bite on such small bait.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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