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Byline: Kirk Ladendorf
Oct. 23--SBC Communications Inc. said Monday that it will cut several thousand jobs across its 13-state territory during the next several weeks while dramatically slowing spending for construction of digital phone line service for high-speed Internet access.
The announcement came after the company announced disappointing third-quarter earnings that it attributed to a weak economy, onerous regulation and increased competition for local phone service.
SBC acknowledged that its local phone service declined by more than 1 million lines in the first nine months of 2001, a drop of 1.7 percent.
The phone company's management …