AT&T to buy Bellsouth

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Big news today that could affect your phone service.

AT&T plans to buy Bellsouth.

The companies say the $67 billion deal will bring new technology to where you live.

But what will it do to prices?

Two advocacy groups warn the merger between AT&T and Bellsouth could lead to higher prices.

Consumers Union and the Consumer Federation of America are asking antitrust officials at the Justice Department to block the deal, which would make AT&T the nation's number one telephone company.

Opponents say cable and Internet telephone companies would not be able to compete with AT&T, giving them a monopoly.

Cingular Wireless, the number one wireless carrier, is already a joint venture of AT&T and Bellsouth.

AT&T argues the merger will benefit customers by providing a single fully integrated network and innovative services.

Here locally Bellsouth tells News 12’s Ryan Duffy that customers won't really see any change on their bill or with their service in the next nine to 12 months.

After that they say no dramatic changes as the company becomes AT&T.

And Bellsouth says because none of their jobs overlap with AT&T, no jobs will be lost here locally.