GNG News Guy
12-29-2007, 11:59 AM
http://i.dslr.net/urls/49/4249.gif (http://www.dslreports.com/shownews/PA-Supreme-Court-Allows-2005-VerizonMCI-Merger-to-Stand-90559)
Back in 2005, a Pennsylvania court approved the merger between Verizon and MCI. Then, at the beginning of 2007, that original decision was reversed (http://www.dslreports.com/shownews/81796) when an appeals court found that the merger would be anti-competitive. That decision has now been reversed (http://www.law.com/jsp/article.jsp?id=1198836305039) by the Pennsylvania Supreme Court and the merger will be allowed to move forward.
The reasoning behind the court s approval is that they say the public will benefit from the merger in the long run. The sum and substance of the commission decision is that the combined company with its strong resources, enhanced infrastructure and increased operating efficiencies will benefit the public in the long term in ways that are as meaningful as short-term rate concessions, Justice Thomas G. Saylor wrote for the unanimous majority.
The belief behind this decision is that the market will regulate itself and the merger won t do any damage to competition in the area after an initial period of adjustment is over.
read comment(s) (http://www.dslreports.com/shownews/PA-Supreme-Court-Allows-2005-VerizonMCI-Merger-to-Stand-90559)
Back in 2005, a Pennsylvania court approved the merger between Verizon and MCI. Then, at the beginning of 2007, that original decision was reversed (http://www.dslreports.com/shownews/81796) when an appeals court found that the merger would be anti-competitive. That decision has now been reversed (http://www.law.com/jsp/article.jsp?id=1198836305039) by the Pennsylvania Supreme Court and the merger will be allowed to move forward.
The reasoning behind the court s approval is that they say the public will benefit from the merger in the long run. The sum and substance of the commission decision is that the combined company with its strong resources, enhanced infrastructure and increased operating efficiencies will benefit the public in the long term in ways that are as meaningful as short-term rate concessions, Justice Thomas G. Saylor wrote for the unanimous majority.
The belief behind this decision is that the market will regulate itself and the merger won t do any damage to competition in the area after an initial period of adjustment is over.
read comment(s) (http://www.dslreports.com/shownews/PA-Supreme-Court-Allows-2005-VerizonMCI-Merger-to-Stand-90559)