SIA May Create Carrier To Cut Telecom Costs

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The Technology Management Committee (TMC) of the Securities Industry Association (SIA) is investigating the feasibility of creating its own telephone company and becoming a competitor of Nynex, says John Faccibene, a committee member who took part in an exclusive Waters roundtable discussion.

"We went through the first phases of looking at the feasibility of creating our own local exchange carrier (LEC)," says Faccibene, who is also senior vice president in charge of telecommunications for Garban

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