Midnight Deal: Static over the AT&T accord

Static over the AT & T accord

One of the many controversial issues tossed at Ronald Reagan last week was the tentative settlement of the Justice Department's six-year-old antitrust suit against A T & T that had been reached during the last days of the Carter Administration. Ma Bell's competitors immediately voiced fears that Carter officials had made too many concessions to A T & T in their rush to wrap up the case before the new President took office. Said William McGowan, chairman of MCI Telecommunications, which is battling Bell for the long-distance telephone market: "It sounds like a slap on...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!