Statement of Robert Sachs, President & CEO

“The proposed combination of the largest and second largest telephone providers in SBC’s 13-state region raises obvious antitrust concerns that regulatory authorities will have to scrutinize carefully. Cable companies, other phone competitors, consumers and business users alike have a vital interest in ensuring that this new telco behemoth does not act anticompetitively to thwart emerging phone competition. We will work closely with federal and state regulatory authorities as they examine the proposed SBC-AT&T transaction.”