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FCC Is Next Stop On Bells' Journey Toward Providing Net Services House Vote Gave Momentum Bells say they'll put more money into fast networks if restrictions are lifted.(INTERNET & TECHNOLOGY)

Investor's Business Daily

| March 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: REINHARDT KRAUSE

A fierce lobbying battle pitting regional Bell phone companies against rivals is heading to the Federal Communications Commission.

The Bells, which dominate local phone markets, are on a roll.

The House Wednesday passed a sweeping bill that unravels much of the Telecommunications Act of 1996. But the Senate seems unlikely to pass similar legislation this year.

The Bells and rivals will muster lobbying forces at the FCC next. The Bells are pushing for changes in how companies compete in providing Internet and data services.

"The House vote gives the Bells political momentum for broadband deregulation as they push their agenda at the FCC," said Paul Glenchur, analyst at Schwab Capital Markets' Washington Research Group.

The stakes are huge for Verizon Communications Inc., SBC Communications Inc., BellSouth Corp. and Qwest Communications International Inc.

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