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 NEWS  News  media  Information  202  /  418-  0500  Fax-  On-  Demand  202  /  418-  2830  TTY  202/  418-  2555  Internet:  http://  www.  fcc.  gov  ftp.  fcc.  gov  Federal  Communications  Commission  445  12  th  Street,  S.  W.  Washington,  D.  C.  20554  This  is  an  unofficial  announcement  of  Commission  action.  Release  of  the  full  text  of  a  Commission  order  constitutes  official  action.  See  MCI  v.  FCC.  515  F  2d  385  (D.  C.  Circ  1974). 
 FOR  IMMEDIATE  RELEASE  Contact:  David  Fiske  June  26,  2002  (202)  418-  0513 
 Statement  by  FCC  Chairman  Michael  K.  Powell: 
 I  am  deeply  concerned  by  the  WorldCom  developments,  and  the  impact  it  could  have  on  consumers  and  other  providers  in  the  industry.  We  are  closely  monitoring  the  situation  and  are 
 doing  everything  possible  to  ensure  and  protect  both  the  stability  of  the  telecommunications  network  and  the  quality  of  service  to  consumers. 


 To  better  assess  the  continuing  troubles  in  the  telecommunications  industry,  I  will  travel  to  New  York  on  Friday  to  meet  with  a  variety  of  telephone  industry  officials,  analysts  and  debt-rating 
 agencies  to  gain  a  first-  hand  understanding  of  the  recent  developments  that  continue  to  challenge  the  telecom  industry.  Through  this  exchange,  I  hope  to  assure  the  financial  markets 
 that  the  FCC  is  committed  to  doing  whatever  it  can  to  assist  in  the  recovery  of  the  sector  and  strengthen  the  public  trust  in  this  vital  segment  of  our  economy. 


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