Government regulators on Monday approved SBC Communications' takeover of AT & T; and Verizon Communications' purchase of MCI Inc., removing the final federal hurdle for the deals.
In a unanimous vote, the Federal Communications Commission said yes to the mergers but added several conditions, like requiring SBC and Verizon to freeze the wholesale prices they charge competitors to lease high-capacity business lines and for the companies to guarantee they will sell their Internet access as a stand-alone product.
Several state regulatory agencies still must sign off on the deals.
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