St. Petersburg Times Online: Business
Place an Ad Calendars Classified Forums Sports Weather
Print story Subscribe to the Times

Verizon to ask for delay in rate cut

By Times staff writer
© St. Petersburg Times
published March 31, 2003

Verizon Communications goes before the state Public Service Commission on Tuesday, seeking a delay in the commission's order that the phone giant reduce the rates it charges competitors to connect with its local phone network.

The PSC staff has recommended against a delay. But Verizon has a backup plan: It may simply defy the commission that's supposed to regulate it.

Verizon argues that it is entitled to stall while it awaits a state Supreme Court ruling on its challenge to the PSC-ordered rate cut. The company says it has no plans to start negotiating new contracts with new rates for upstart competitors it views as trying to exploit its network on the cheap.

Besides, Verizon argues, the rate cut is also being disputed by some competing companies, such as AT&T and WorldCom (albeit because they think the rates should have been cut more, not less as Verizon contends).

"All parties are saying we need to have these prices reexamined yet again," Verizon spokesman Bob Elek said. "In our interpretation, it's really not clear what the end result is going to be at this point."

Print story Subscribe to the Times

Back to Business
Back to Top

© 2006 • All Rights Reserved • Tampa Bay Times
490 First Avenue South • St. Petersburg, FL 33701 • 727-893-8111
Special Links

From the Times
Business report
  • Bedeviled Rays
  • Three questions
  • Verizon to ask for delay in rate cut
  • Marketing the perceived safety of the bay area
  • For Checkers Drive-In, silence wasn't golden
  • The high cost of refinancing in Florida
  • Florida banks: Thanks goodness for New York
  • From coupons to sleeper holds
  • Profile: Tim Tinsley
  • People
  • Companies
  • Wal-Mart retains seat atop 500 list
  • Robert Trigaux: Spring training tour a bittersweet business
  • Hijacked eBay account reminds about need for vigilance
  • Solutions: Support should be key feature in antivirus purchase
  • Site Seeing
  • Postings
  • The Buzz: FDLE unveils cyber-security Web site
  • Scam casts doubt on eBay's antifraud software
  • Video Game Reviews
  • Online ads getting noisier

  • From the AP
    Business wire

    From the state business wire

  • Judge denies dismissal of Citigroup shareholder suits
  • Carnival to buy 4 cruise ships from Italian builder