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News > Companies
AT&T raises rates
June 1, 2001: 3:19 p.m. ET

No. 1 U.S. long-distance provider claims rates still lower than MCI, Sprint
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NEW YORK (CNNfn) - AT&T Corp., the No. 1 U.S. long-distance provider, raised its basic residential long-distance rates Friday.

AT&T raised its weekday (Monday through Friday, 7:00 a.m. to 7:00 p.m.) rate to 30 cents a minute from 29.5 cents, its weeknight rate to 25 cents from 22.5 cents, and its Saturday and Sunday rates to 16 cents from 14.5 cents. The new rates take effect July 1.

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"In taking this action, we wanted to be fair to our customers. That is why some of the increases are very slight," said Robert M. Aquilina, senior vice president of long-distance for AT&T Consumer. "More important, our new basic rates continue to be the lowest, on average, of the major long-distance carriers."

AT&T (T: up $0.46 to $21.63, Research, Estimates) said it had left rates unchanged for a year and claimed WorldCom (WCOM: up $0.17 to $18.01, Research, Estimates) unit MCI and Sprint FON Group (FON: up $0.54 to $20.85, Research, Estimates), its major competitors, "have raised their basic rates several times" in the past year.

AT&T encouraged customers to research its various calling plans, including plans that allow callers to pay 10 cents a minute on Saturdays or Sundays, pay a flat rate of 17.5 cents every day of the week, or get discounts by paying their bill online. graphic

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.