Pacific Bell gets FCC waiver to bolt cable. (Pacific Bell gets permission to sell its cable system)
Multichannel News, January, 1991 by Aversa, Jeannine
Pacific Bell Gets FCC Waiver To Bolt Cable WASHINGTON -- Pacific Bell, one of the first Bell companies to get into the cable business, was given permission by the FCC last week to get out by selling its 471-mile, 18,000-subscriber system in Palo Alto, Calif., to a cable cooperative there for $18.7 million.
Because Pacific Bell will partially finance the venture, it needed to obtain a waiver of the FCC's telephone-cable cross-ownership rules. The FCC gave the telco a limited, one-year waiver to complete the purchase agreement and to continue to maintain the cable facility to ensure a smooth transition. Pacific Bell had requested an eight-year waiver. Under terms of the agreement, the Cable Communications Cooperative of Palo Alto Inc. will...
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