For Immediate Release Washington, D.C. August 21, 1997 Press Statement of Commissioner Rachelle B. Chong Regarding BT/MCI Merger The last successful British invasion was the arrival of the Beatles onto America soil in 1963. Today's British invasion into the telecommunications market 34 years later may not cause teenage girls to become hysterical but should make Wall Street analysts go "Yeah yeah yeah." Ever since BT said to MCI "I wanna hold your hand," the two have been planning ways to make beautiful music together with Concert, an integrated global telecommunications company. Mergers like BT/MCI represent a new era of integrated service provision, and I am pleased to support our decision today approving the merger subject to conditions. To my mind, the key benefit of this merger is its potential to enhance competition in the domestic local telephone market. Already a strong player in the long distance market, MCI has well developed business plans to provide local telephone service to domestic consumers. This merger with BT will assist MCI in realizing such plans by bringing MCI financial resources and BT's expertise in serving local markets. --FCC--