June 26, 1997 |
The U.S. Justice Department recommended that Ameritech Corp. be denied its application to provide long-distance telephone service to its customers in Michigan. The Justice Department's antitrust division said Ameritech failed to fulfill a 14-point competitive checklist that, under the Telecommunications Act of 1996, regional Bell telephone companies must meet before they can provide long-distance service.
December 20, 1996 |
Ameritech Corp. said it sued AT&T Corp. for defamation over statements made by John Zeglis, general counsel and senior executive vice president of AT&T. Ameritech's suit alleges that Zeglis made "knowingly false and malicious" comments to "impede and cast doubt on Ameritech's ability to enter the long-distance market." In speaking at a Salomon Bros.
July 1, 1998 |
The Federal Communications Commission ordered Baby Bell Ameritech Corp. to halt its phone marketing alliance with long-distance provider Qwest Communications International Inc. until the agency completes a broad review of whether such arrangements should be permitted. Companies opposed to the arrangement "have raised serious questions involving core provisions" of the 1996 Telecommunications Act, the FCC said.
October 28, 1997 |
Ameritech Corp., making one of the biggest moves by a Baby Bell into European telecommunications, said Monday that it will buy a third of Denmark's telephone carrier for $3.2 billion. In a two-step transaction, Ameritech would initially take a 34% stake in Tele Danmark and eventually boost that figure to 42%. The Chicago-based Baby Bell also would get the right to nominate six of the 12 Tele Danmark directors, including its chairman.
April 6, 1999 |
Irving, Texas--GTE Corp., which is being acquired by Bell Atlantic Corp., agreed on Monday to buy about half of Ameritech Corp.'s cellular phone business in the Midwest for $3.27 billion in cash, accelerating a plan to provide wireless services nationwide. Ameritech is selling the properties to eliminate overlap with SBC Communications Inc., clearing the way for antitrust approval of its own pending $79.2-billion sale to SBC. The sale of the businesses in the Chicago and St.
July 17, 1998 |
Baby Bells SBC Communications Inc. and Ameritech Corp. on Thursday reported better-than-expected earnings for the second quarter amid strong demand for data services and more phone lines for Internet hookups. SBC, which agreed to buy Ameritech for $66 billion in May, said its profit rose 20% to $966 million, or 52 cents a diluted share, from $808 million, or 44 cents, a year ago.