January 19, 1993 |
AT&T in Video Venture: A unit of American Telephone & Telegraph has teamed with a Silicon Valley company to develop new technology to send movies and television over ordinary telephone lines. The venture between AT&T Paradyne and Compression Labs in San Jose represents a potential threat to competing efforts by cable TV operators to bring similar video services to viewers over their systems.
May 28, 1989
AT&T and unions representing about 160,000 workers were near agreement on new contracts, resolving disputes over medical benefits and wages in a frenetic day of bargaining in Washington that brought the two sides so close the unions extended a midnight deadline. A final dispute over certain job-classification titles blocked a settlement. But, believing an agreement was at hand, the two unions agreed to bargain through the night. The agreement being worked out by American Telephone & Telegraph and the unions included a wage and profit-sharing package that should bring workers raises of more than 10% over three years, a source said.
June 28, 1989
FCC Allows AT&T Pricing Plan: The Federal Communications Commission said it denied a request to delay a new pricing scheme scheduled to go into effect July 1 for American Telephone & Telegraph. The requests for a stay had been filed in June by the Puerto Rico Telephone Co. and La Telefonica Larga Distancia, which had said the new plan to place a "cap" on the prices AT&T can charge would put the two firms at a competitive disadvantage. They also said the plan would harm the public interest.
June 6, 1989 |
The Italian telecommunications equipment maker Italtel on Monday signed an agreement with American Telephone & Telegraph for a far-reaching partnership in manufacturing and sales of equipment. Under the accord, AT&T will acquire 20% of Italtel. In exchange, Italtel's parent, the government-owned holding company Stet, will take a 20% share of AT&T-Network Systems International (ATT-NSI), a joint venture between AT&T and NV Philips of the Netherlands. In addition, AT&T has agreed to make a direct investment of almost $150 million in Italtel, said an official involved in the deal who requested anonymity.
May 27, 1992 |
The Communications Workers of America said its members are willing to strike AT&T if contract negotiations break down. By a 4-1 margin, members authorized CWA President Morton Bahr to launch a strike if he believes that it is necessary when the contract expires at midnight Saturday. Negotiations for a new three-year contract began March 30 between American Telephone & Telegraph and the company's two unions.