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Verizon, AT&T Duel on Phone Rates in New Jersey.

By Martha McKay, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News

Feb. 18--New Jersey regulators began hearings Tuesday on wholesale phone rates as the state's biggest phone giants, Verizon and AT&T, ratcheted up their rhetoric in media ads.

The BPU is trying to figure out exactly what wholesale rates Verizon, the state's largest local phone company, can charge rivals such as AT&T and MCI to lease parts of its phone network.

Before squaring off over detailed financial factors Tuesday, lawyers representing Verizon, AT&T, MCI, a