SBC Communications Inc.'s planned acquisition of Pacific Telesis Group would have little immediate effect on the cobranded card programs of the two Baby Bells, industry analysts say.

But down the road, they say, the combined telephone company will probably merge the programs under one issuer.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.