Telecommunications industry
British Telecom's strong growth in demand, driven by competitive pricing and strategic alliances, contributed to a significant rise in turnover and pre-tax profits. The company's ability to adapt to the liberalization of the European Union's telecommunications market has positioned it for further growth. However,
Telecommunications industry
Qwest Communications has launched a new long-distance calling service using Internet technology, allowing customers in nine cities to make high-quality calls to anywhere in the lower 48 states at a flat rate of 7.5 cents per minute. The service, Q.talk, uses Qwest's 16,000-mile fiber-optic network
Telecommunications industry
Major US stock indices declined on Thursday due to investor concerns about the earnings outlook for the economy. The Dow Jones industrial average fell 12.46 points, or 0.2 percent, while the Standard & Poor's 500 slid 3.36 points, or 0.3 percent. The Nasdaq composite
Telecommunications industry
The Public Utility Commission has refused to let Southwestern Bell Telephone Co. off a contractual hook, ruling that the company must pay Time Warner Communications and Waller Creek Communications Inc. for completing local calls from Southwestern Bell customers to local Internet service providers served by Bell's new rivals.
Telecommunications industry
Compaq has made another significant move to rival IBM, convincing Radio Shack to switch its personal computers to Compaq PCs in its stores. This follows Compaq's acquisition of Digital Equipment Corp., a deal that analysts believe brings the company closer to its goal of becoming the world'
Telecommunications industry
Market analysts predict that Keebler Foods Co.'s initial public offering will not be significantly impacted by Nabisco Holdings Corp.'s disappointing earnings outlook. Meanwhile, Lucent Technologies has developed a new optical networking system that boasts five times the bandwidth of existing commercial fiber-optic systems, and Cincinnati Bell
Telecommunications industry
The story of Microsoft's potential takeover of British Telecom has left many questioning the company's vulnerability to overseas acquisition. Meanwhile, the Far East financial markets' downturn is expected to have a significant impact on British companies, with EMI and Marks & Spencer among those already
Telecommunications industry
Alex Brummer's article, published with a correction on January 26, 1998, highlights the phenomenal rise in BT shares at the beginning of the year, driven by speculation that the company might be exploring talks with Microsoft. As the global telecoms industry undergoes significant changes, BT's competitive
Telecommunications industry
diAx, a new Swiss telecom company formed by SBC Communications and diAx holding, a consortium of Switzerland's utilities and Swiss Re, has selected Saville's Convergent Billing Platform (CBP) to provide customers with discounted packages of telecom products and services. This move will enable diAx to quickly
Telecommunications industry
British Telecom, a UK-based telephone carrier, has teamed up with Computer Concepts Corp. to develop a web-based software program called d.b.Express, which will allow businesses to easily search and analyze their telephone bills. The software utilizes data mining capabilities to weed out phone privilege abusers and provide detailed
Telecommunications industry
The US long-distance phone giant MCI is at the center of a complex and contentious takeover bid, with WorldCom's offer now facing new obstacles. GTE, the phones group that lost out in a three-way offer battle, has lodged a complaint with regulators, raising concerns about the potential impact
Telecommunications industry
Two Baby Bell phone companies are urging the Federal Communications Commission to impose conditions on WorldCom Inc.'s planned acquisition of MCI Communications Corp. Atlanta-based BellSouth Corp. and New York-based Bell Atlantic Corp. are seeking the FCC's approval to let Bell companies enter the long-distance business in
