SBC Communications is to cut an additional 11,000 jobs as the "Baby Bell" telecommunications group struggles to adjust to the sharp decline in its traditional fixed-line telecoms business. Announcing the cuts on Thursday, Ed Whitacre, SBC's chairman and CEO, launched a bitter attack on the regulatory regime which he said "could threaten the viability" of the company's telecoms networks in many states. Mr Whitacre lashed out against regulations which allow rival operators to offer telecoms services over SBC's network at deeply discounted prices, arguing that the rules had contributed to the loss by the company of almost 3m retail lines...
