Telephone services
Bell Atlantic Mobile is set to deliver the World Wide Web into the hands of consumers and mobile professionals with the introduction of wireless access to the Internet. The company will launch Web Access in all its East Coast markets on November 17, featuring Web-enabled digital wireless phones with built-in
Telephone services
The Pennsylvania Public Utilities Commission (PUC) has approved the merger of GTE and Bell Atlantic, despite concerns from competitor AT&T-Pennsylvania that the deal is anti-competitive. The merger still requires approval from six other states and the Federal Communications Commission (FCC) before it can be implemented. The PUC'
Telephone services
Bell Atlantic, the nation's largest regional phone company, is facing skepticism from the Justice Department regarding its preparedness to open competition in New York's local phone market before entering the long-distance market. The Justice Department's filing with the Federal Communications Commission (FCC) raises concerns
Telephone services
AT&T, led by Chairman Michael Armstrong, has reported mixed results in its third-quarter earnings, with the company's traditional consumer voice business suffering due to a price war sparked by MCI WorldCom. However, cost-cutting measures and a lower tax rate enabled AT&T to surpass Wall
Telephone services
Netsol Technologies, Inc., a U.S. backbone provider, has signed a groundbreaking agreement with telecommunications giant AT&T to establish an OC-3 ATM backbone connection from the U.S. to China. This landmark deal marks the first-ever OC-3 ATM backbone connection between the two countries, providing a high-speed bandwidth
Telephone services
Level 3 Communications and Bell Atlantic Corporation have reached a settlement agreement on reciprocal compensation billing disputes, establishing new intercarrier compensation rates between the two local exchange carriers. The agreement, contingent upon approval by regulatory authorities, ensures Level 3 will be paid for traffic terminated from Bell Atlantic and resolves
Telephone services
American Annuity Group Inc. has acquired United Teacher Associates Insurance Co., expanding its presence in the insurance market. The purchase price remains undisclosed. United Teacher, which offers supplemental health insurance and retirement annuities to teachers, reported premiums of about $85 million in 1998. This deal is part of American Annuity&
Telephone services
AirGate PCS, a wireless carrier affiliated with Sprint PCS, has signed a three-year supply contract with Lucent Technologies worth up to $150 million to build and operate a Personal Communication Services (PCS) network in North and South Carolina. The all-digital wireless network will be compatible with Sprint PCS' nationwide
Telephone services
The Multi-channel, multi-point distribution system (MMDS) operators are facing a future of uncertainty as Sprint and MCI WorldCom gear up to merge, potentially changing the landscape for wireless cable operators. At stake is the fate of hundreds of MMDS operators, who could see their businesses disrupted by the new combined
Telephone services
The world's telecommunications industry took a major step towards consolidation as rival companies lined up a $100bn bid for long distance carrier Sprint. Bell South, the last independent 'Baby Bell' regional company, is planning a blockbuster bid for Sprint to thwart MCI WorldCom, which is already
Telephone services
The equity markets experienced a period of volatility in October 1999, driven by various factors, including the Federal Reserve's decision and corporate mergers. Standard & Poor's analysts offer insights into the market's prospects, advising investors to remain bullish despite ongoing selling. The possibility of
Telephone services
VSI Enterprises, a leading provider of videoconferencing and audio/visual command and control systems, has announced a major contract with Bell Atlantic, a leading telecommunications company. The contract, valued at approximately $1.8 million, involves the upgrade of 35 VSI videoconferencing systems with the latest version of Omega software. This
