Verizon is close to meeting key competitive requirements of Bell ...
Verizon is close to meeting key competitive requirements of Bell Atlantic-GTE merger, Carol Mattey, deputy chief of FCC Common Carrier Bureau, said in letter to Verizon released Mon. Mattey confirmed Verizon’s view that it had to spend only $11.6…
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million more for facilities-based projects to meet cutoff for offering promotional discounts to competitors for certain unbundled loops and resold services. She said Verizon had to meet 2 requirements for closing “offering window” for these promotional discounts -- it must spend: (1) At least $250 million toward provision of competitive local service out of its region. (2) $125 million on specifically facilities-based local competition projects. Monetary figures represent half of total Verizon is required to spend under merger conditions. Conditions allowed carrier to close discount window when it reached halfway mark. It has proposed accounting $297.4 million toward total local competition requirement, she said. That figure represents Verizon’s acquisition of competitive carrier OnePoint in Dec. 2000. Mattey said Verizon also had spent $113.4 million on facilities-based projects, leaving only $11.6 million (CC Doc. 98-184).