Telecommunications industry
The busiest year ever for mergers and acquisitions is grinding to a halt, with some proposed deals unraveling as stocks plummet. According to Securities Data Corp, the pace of mergers has slowed significantly since August, from a record $1.76 trillion in announced deals to $18.6 billion per week.
Telecommunications industry
Phone companies have become increasingly complex, with hidden charges and fees, leaving many consumers feeling frustrated and confused. According to experts, the average phone bill now contains over 15 different charges, making it difficult for even the most tech-savvy individuals to decipher. Federal Communications Commission chairman Bill Kennard has stated
Telecommunications industry
The U.S. District Judge presiding over the antitrust case against Microsoft Corporation has ruled that the company must deliver potentially damaging documents related to its business dealings with Intel Corporation and Apple Computer Inc. The trial is set to start on September 23, and the latest development may prompt
Telecommunications industry
British Telecom (BT) is pondering a $4 billion purchase of IBM's Global Network division, a move aimed at establishing the company as a direct competitor to WorldCom and MCI in the US market. The Global Network division generates $2 billion in annual revenues and provides phone and data
Telecommunications industry
Austin is buzzing with activity as local companies showcase their skills in a battle of the bands, entrepreneurs find a reliable banking partner, and companies make headlines with innovative advertising and community engagement strategies. Key Takeaways: * CHARITech's Battle of the Bands, scheduled for September 15, will feature bands
Telecommunications industry
MediaOne, a leading cable-television company, is set to launch its high-speed Internet access provider, MediaOne Express, to approximately 585,000 Twin Cities-area households. The service, priced at $40 per month, will offer download speeds of up to 1.5 million bits per second, surpassing the speediest computer modems by 25
Telephone services
Union employees of U S West, a major telephone company, have opted to go on strike rather than accept a proposed pay-for-performance structure, which bucks the industry pattern. The move comes as other telecommunications companies have reached relatively quick settlements with the Communications Workers of America (CWA). The strike involves
Telephone services
The strike by nearly 35,000 U S West workers, which began on Sunday, appeared to be ongoing with little progress in negotiations between the company and the Communications Workers of America (CWA) union. While the phone network serving 25 million customers was running smoothly with 15,000 managers at
Telephone services
Thousands of phone workers went on strike from Maine to Virginia as negotiations between Bell Atlantic and the Communications Workers of America failed to produce a new three-year contract. The strike involves workers in 14 states and Washington, D.C. Meanwhile, BellAtlantic's rival, BellSouth Corp., reached a tentative
Telephone services
The Federal Communications Commission (FCC) has facilitated an agreement between MCI Telecommunications Corp. and Bell Atlantic Corp. to provide billing credits to customers who were overcharged due to technical problems with MCI's long-distance service. The issue affected consumers who used the "10321" dial-around service of MCI&
Telephone services
Tensions are running high as approximately 1,000 employees of Bell Atlantic Corp. in Hampton Roads prepare to go on strike when their union contract expires at midnight. The workers, represented by the Communications Workers of America (CWA), are at odds with both Bell Atlantic and BellSouth over issues such
Telephone services
Bell Atlantic Corp., a leading telecommunications company, has recently announced its commitment to protecting consumer privacy. The company has outlined a set of principles aimed at safeguarding customers' personal information. As part of its new initiative, Bell Atlantic will review all its products to determine if they have any
