Telecommunications industry
MCI Communications Corp.'s recent proposal to federal regulators to force the Baby Bells to spin off their local phone networks has sparked debate among telecommunications companies. The proposal, filed with the Federal Communications Commission, draws parallels with the 1984 breakup of AT&T Corp. into a long-distance
Telecommunications industry
MCI Telecommunications Corp. has written to FCC Common Carrier Bureau Chief A. Richard Metzger Jr. urging swift action to extend the permissive dialing period for carrier identification codes (CICs). The current deadline for switching to four-digit CICs is June 30, but MCI argues that the transition is problematic due to
Telecommunications industry
Investors remained bullish on the market after Warren Buffett, the investment guru and CEO of Berkshire Hathaway, expressed confidence in the stocks, citing a sharp drop in interest rates over the past year. This sentiment helped boost the Dow Jones industrial average to a 10 percent gain for the year,
Telecommunications industry
A flurry of energy mergers and acquisitions has begun to take shape as several prominent companies vie for control. Texas Utilities Co. of Dallas has reaffirmed its $10.4 billion cash offer for Britain's Energy Group Plc, a move that pits the Dallas-based company against PacifiCorp of Portland,
Telecommunications industry
The Justice Department's investigation into the planned merger between MCI Communications Corp. and WorldCom Inc. has taken a new turn, with several telecommunications companies receiving subpoenas to gauge the combined entity's control over the internet. The investigation is centered around concerns that a single company controlling
Telecommunications industry
The chances of obtaining health insurance at work depend on factors such as the state of residence, company size, and union membership. A recent report by the National Center for Health Statistics found that 52% of private sector employers offered group health insurance in 1993, but the availability and terms
Telecommunications industry
Cox Communications Inc. is reportedly vying to acquire Prime Cable's Las Vegas system, a deal expected to fetch between $1.2 billion and $1.3 billion, making it the most expensive cable TV system sale in the U.S. The Las Vegas system, with nearly 300,000 subscribers,
Telecommunications industry
The Jacksonville-based employer, AT&T Solutions Customer Care, has been sold to Matrixx Marketing Inc. for $625 million. The new owner, a unit of Cincinnati Bell Inc., plans to grow its business, and the transition involves the lowering of the AT&T flag and the raising of the
Telecommunications industry
Telecommunications company GTE, which provided cellular telephone service under the brand name Cellular One, is changing its operations' name to GTE Wireless, effective April 6. The company is dropping the Cellular One name in six states, including Tennessee, Alabama, Kentucky, North Carolina, South Carolina, and parts of Virginia. This
Telecommunications industry
A growing labor storm is unfolding at Saturn Corp.'s Spring Hill, Tennessee facility, where hundreds of United Auto Workers (UAW) members are questioning the company's commitment to its workers. Frustrated over the company's unique compensation agreement, which links bonus payments to performance, workers are
Telecommunications industry
Chase Manhattan Corp. and Bell Atlantic Corp. have joined forces in the credit card industry, offering co-branded MasterCards and Visa cards to Bell Atlantic's residential phone customers. Under this new partnership, cardholders will earn "cash back" toward their local phone bills, a unique feature that sets
Telecommunications industry
MCI Communications Corp. has escalated its dispute with Mexico's dominant phone company, Telmex, by asking the US trade representative to file a complaint with the World Trade Organization (WTO). The company asserts that Mexico's regulatory regime hampers competition and protects Telmex's monopoly, jeopardizing American
