NY Approves Verizon's Acquisition Of MCI - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure

NY Approves Verizon's Acquisition Of MCI

The Public Service Commission's okay followed by just a few days the approval of the California Public Utilities Commission, and the deal can now close.

The New York State Public Service Commission (PSC) approved Verizon Communications' acquisition of MCI this week, eliminating the last major hurdle facing the acquisition and setting the stage for Verizon to compete with AT&T.

The PSC had expressed some concerns over the pending acquisition, but Verizon said that the PSC found that the deal is in the public interest.

"We were confident that once an analysis based on the full set of facts was conducted, the commission would reach the right decision," said Thomas McCarroll, Verizon's vice president for regulatory affairs in New York, in a statement. "With the high concentration of large businesses in the state, New York and New York customers stand to benefit through the creation of a strong competitor that will provide global reach, a suite of IP-based and value-added services, delivery of next-generation services, and a broader product portfolio."

Two former Baby Bells, Verizon and SBC Communications, picked up MCI and AT&T respectively, after the FCC issued rulings that MCI and AT&T said made it impossible for them to compete effectively with Baby Bells. (SBC, formerly Southwestern Bell, changed its name to AT&T after the acquisition.)

The PSC approval of the MCI acquisition followed by a few days approval of the deal by the California Public Utilities Commission. Verizon said it expects the acquisition to be formerly completed next month or in early January.

AT&T was broken up more than two decades ago. The U.S. telecommunications landscape is now dominated by the newly-reconstituted AT&T and Verizon. BellSouth continues as a strong service provider in the southeast and Qwest, a distant fourth, operates primarily in western mountain states.

Verizon said the new combined company will be in a position to compete for and serve large business and government customers.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
10 Things Your Artificial Intelligence Initiative Needs to Succeed
Lisa Morgan, Freelance Writer,  4/20/2021
News
Tech Spending Climbs as Digital Business Initiatives Grow
Jessica Davis, Senior Editor, Enterprise Apps,  4/22/2021
Commentary
Optimizing the CIO and CFO Relationship
Mary E. Shacklett, Mary E. Shacklett,  4/13/2021
White Papers
Register for InformationWeek Newsletters
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll