Edward E. Whitacre, Jr.
chairman & ceo, sbc communications
SBC Exec Pushes Federal Reforms
The head of the nation's second largest local phone company took his fight for federal reforms to Boston yesterday, telling local business leaders that such changes could create thousands of jobs.
Edward Whitacre, chief of San Antonio, Texas-based SBC Communications, told the Boston College Chief Executives' Club that rules governing phone competition hurt local phone companies such as SBC and Verizon Inc.
He said the rules open their networks to rivals at below-market rates.
Whitacre cited one recent study that claims those rules contributed to the loss of 380,000 U.S. jobs after telecom law reforms in 1996. He cited another study that claims more reforms could produce more than 90,000 new U.S. jobs a year.
He also said companies such as SBC would be more willing to expand their wires that give speedy Internet connections if they knew they wouldn't be forced to lease those lines at bargain rates to competitors.
Article by Jon Chesto
Friday, May 7th, 2004