ITT Long Distance To Lower Rates
SECAUCUS, N.J. (AP) _ International Telephone and Telegraph Corp.’s long-distance subsidiary will lower its rates by an average of 4.9 percent, the parent company says.
ITT Longer Distance’s new rates would become effective in July if the reduction is approved, as expected, by the Federal Communications Commission, the company said Wednesday in a prepared statement from its offices here.
Officials said the reduction would affect all ITT Longer Distance interstate telephone calls made during the day, evening and night-weekend periods.
The service lowered its rates by an average of 10.7 percent in January.
″ITT is committed to maintaining competitive rates,″ said ITT spokesman Jay Stuck. ″While the fall in long-distance service rates is a boon to subscribers, a continuing slide in rates, only partially offset by lower access cost, will pressure industry profitability.″
Under the new rates, ITT said, a three-minute call between New York and Los Angeles during the day would cost 97 cents, a 5.8 percent reduction. A three- minute call between New York and Philadelphia would cost 78 cents, or a 5 percent reduction, the company said.
The new rates also would apply to subscribers of ITT’s Preferred Calling card.
ITT Longer Distance service is provided by ITT’s United States Transmission Systems Inc., a unit of ITT Communications Services Group.
ITT Longer Distance, in business since 1976, provides service throughout the United States and from the United States to 146 countries.