NYNEX Chairman Says New York AG Is 'Dead Wrong' in Filing on Potential Merger
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February 5, 1997
CONTACT: Sue Kraus 212-395-0500
NYNEX Chairman Says New York AG Is 'Dead Wrong' in Filing on Potential Merger
Ivan Seidenberg, NYNEX chairman, issued the following
statement in response to a New York Attorney General
regulatory filing today about the NYNEX/Bell Atlantic
merger:
"The Attorney General is dead wrong on three counts:
the law, the facts, and what's good for New York.
"There's no antitrust issue here, and the potential
for Bell Atlantic to provide competitive services in New
York City is about as weak a straw that could have been
grasped.
"The fact is that no local area in the country has
more competition than New York City, and the Attorney
General is standing directly in the way of true competition
in long distance and cable.
"Finally, how many Fortune 500 companies have
committed to have headquarters here in New York in the last
few years? We have chosen New York City as the place to
headquarter our new company, but comments like those today
make one wonder if New York is a state where business is
welcome, or whether this is a state that tries to put
needless obstacles in the path of growth and progress."
