Telecommunications industry
In a bid to break the monopoly of the Baby Bells on the $90-billion-a-year local phone market, the Sprint Corporation and its cable-television partners have announced a $4.4 billion investment to launch a nationwide wireless, local, and long-distance phone service. This massive investment, spread over three years, is aimed
Telecommunications industry
As the use of paging and wireless telephone services continues to grow in Los Angeles, concerns are arising about the city's ability to meet the demand for new telephone numbers. MCI, a leading telecommunications company, has outlined a solution to this problem in a recent testimony before the
Telecommunications industry
LCI International, a global long distance telecommunications company, has awarded a contract to Summa Four to supply open, programmable switches for its development of a new architecture based on an open-systems network approach. Summa Four's switches will support LCI's plans for the rapid deployment of a
Telecommunications industry
Compania de Telefonos de Chile S.A., the largest telecommunications enterprise in Chile, has completed negotiations for a five-year US$275 million syndicated loan. The loan, sponsored by ABN AMRO, Argentaria, Caja Madrid, J.P. Morgan, and Swiss Bank, will finance the company's 1995 and 1996 capital expenditure
Telecommunications industry
Peoples Telephone Company, a leading provider of public pay telephone services, has successfully installed 406 pay telephones at the Hartsfield International Airport in Atlanta, Georgia. This milestone was achieved pursuant to a five-year contract, effective December 31, 1994, which is expected to generate approximately $15.6 million in gross revenues
Telecommunications industry
Rogue Wave Software has announced a significant partnership with BellSouth Telecommunications, a leading telecommunications company, to standardize on Rogue Wave's class libraries for all aspects of its C++ object-oriented software development. Under the terms of the agreement, worth over half a million dollars, Rogue Wave will supply BellSouth
Telecommunications industry
Time Warner Communications, a division of Time Warner Cable, has selected Sybase as the foundation for its new telephony operations and company-wide enterprise client/server information systems. This strategic win for Sybase marks a significant expansion of its position in the RDBMS market, surpassing competitors Oracle and Informix. The contract,
Telecommunications industry
Racotek, a wireless mobile data communication services company, has signed an agreement with Ericsson Inc. to provide metropolitan, statewide, and regional wireless data and voice communication services over Ericsson's Enhanced Digital Access Communications System (EDACS(R)) trunked radio networks. This partnership is significant as it expands the wireless
Telecommunications industry
CableTel, a UK cable/telephony company, announced impressive results from its 1994 construction and operational start-up efforts, exceeding its objectives in nearly every area. According to President and Chief Operating Officer Barclay Knapp, the company built an advanced, fibre-optic network that covered over 152,000 homes in its franchise areas,
Telecommunications industry
In a significant turn of events, ACC Corp., a leading telecommunications holding company, has announced record quarterly and annual revenue growth, with a 18.6% increase in fourth quarter revenue to $36.9 million, compared to the same period in 1993. The company's annual revenue reached a record
Telecommunications industry
FTD, the world's largest flowers-by-wire service, has renewed and expanded its relationship with Sprint for another five years. As part of this renewal, FTD will utilize Sprint's 800 voice and data applications to enhance its services, providing its customers with the simplest and fastest way to
Telecommunications industry
GTE Personal Communications Services (GTE PCS) and IBM have announced a strategic marketing arrangement that will provide mobile workers with access to a full range of networking applications and value-added telecommunications services. This new capability will be powered by the IBM Global Network, enabling GTE and IBM customers to access
