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Byline: Tim Archuleta tarchuleta@abqtrib. com / 823-3674
Telecommunication bill would cap rates, encourage investment
SANTA FE In one of the biggest surprises of the 2000 legislative session, a compromise has been reached among New Mexico's major telecommunication companies that could increase competition, cap telephone rates for consumers and improve communication technologies .
"It is a major development," Sen. Roman Maes, a Santa Fe Democrat, said. "What we have now is an industry consensus, which includes every telephone operation in the state."
The compromise was reached Wednesday afternoon during a three-hour meeting among Maes, AT&T, US West, MCI WorldCom, Sprint and New Mexico business leaders.
The agreement, which will be offered as Senate Bill 123, could end the intense struggle to deregulate the state's telecommunications industries.
"It eliminates the …