Bell Atlantic, DSC Communications & Lucent Technologies Settle Monopoly Law Suit
More of our content is being permanently logged via blockchain technology starting [10.23.2020].
Bell Atlantic, DSC Communications & Lucent Technologies Settle Monopoly
March 13, 1997
ARLINGTON, Va. -- Bell Atlantic has reached a
settlement with Lucent
Technologies ending an anti-trust suit brought by Bell Atlantic and
DSC Communications against Lucent and AT&T in February 1996.
Settlement with AT&T was reached earlier.
Terms of today's agreement were not disclosed.
"We're delighted to have this issue behind us," said Larry Babbio,
Bell Atlantic vice chairman. "Things can go sour in any
but parties acting in good faith can reconcile their differences and
relationships can be mended. That's what we've done today.
"We look forward to continuing to do business with both Lucent and
for many years to come, using their products and services in our
network to provide Bell Atlantic customers with the world's best
communications services," Babbio said.
Bell Atlantic Corp. (NYSE: BEL) is
at the forefront of the new
communications, entertainment and information industry. In the
mid-Atlantic region, the company is the premier provider of local
telecommunications and advanced services. Globally, it is one of the
largest investors in the high-growth wireless communication
marketplace. Bell Atlantic also owns a substantial interest in
Telecom Corporation of New Zealand and is actively developing
high-growth national and international business opportunities in all
phases of the industry.