December 25, 2003 |
AT&T Corp. said it would freeze salaries for 43,000 nonunion workers until April 2005 as part of its effort to trim its costs. The freeze was announced in an e-mail to employees by AT&T Chairman and Chief Executive Dave Dorman. New York-based AT&T, the nation's largest long-distance carrier, has 64,000 employees.
March 10, 1999 |
AT&T Corp. completed its $55-billion acquisition of cable TV giant Tele-Communications Inc., a deal that creates a one-stop shop for phone service, Internet access and cable television. The long-distance giant also plans to provide local phone service over TCI's cable wires. AT&T plans to pilot telephone service over cable in 10 U.S. cities by year-end.
June 22, 1999 |
AT&T Corp. and Mexico's Telefonos de Mexico, the country's largest telephone company, have signed an accord to lower a cross-border interconnection rate to make it cheaper to call between Mexico and the U.S. The new rate, which covers the cost of completing a long-distance call between the two nations, will drop to 19 cents a minute from 37 cents. It becomes effective July 1. Telephone traffic between Mexico and the U.S.
November 11, 2000 |
AT&T Corp. and other cable-television companies scored a victory in Florida, where a federal judge ruled that requirements to open cable lines to rival Internet service providers are unconstitutional. Such requirements, known as open access, violate 1st Amendment rights to freedom of speech and the press because cable companies distribute information, Judge Donald Middlebrooks of the U.S. District Court in Miami said. An ordinance in Broward County, Fla.
June 5, 2001 |
AT&T Corp. accused Microsoft Corp. in a lawsuit of infringing patents on technology that permits speedier transmission of phone calls and video over the Internet. The lawsuit, filed in federal court in New York, says AT&T notified Microsoft in April 1999 of the alleged violation. Negotiations failed to result in a licensing agreement, the complaint says. AT&T seeks unspecified damages. A spokesman for Microsoft had no immediate comment on the lawsuit. Microsoft shares rose 44 cents to $70.
October 12, 2005 |
AT&T Corp. said it would suspend Internet phone service for subscribers who fail to keep their location up to date when they move around with the mobile service. Internet telephone service, known as voice over Internet protocol, can be used anywhere a subscriber has a high-speed Internet connection. That mobility has prompted concerns by communications regulators who worry that if subscribers do not register their location in the U.S.
December 28, 2002 |
AT&T Corp., the biggest U.S. long-distance telephone company, will raise prices for some customers Jan. 1 after sales fell and rivals increased rates. New residential subscribers to AT&T's 7-cents-a-minute plan will pay a monthly fee of $4.95, $1 more than current customers, spokesman Gary Morgenstern said. Rates for services such as operator-assisted calls also will rise, according to AT&T's Internet site. Shares of New York-based AT&T fell 6 cents to $26.75 on the New York Stock Exchange.
October 6, 2004 |
AT&T Corp. is testing Linux software as a replacement for Microsoft Corp.'s Windows operating system, which runs the 70,000 personal computers used by its employees. A decision by AT&T to abandon Windows would be Microsoft's biggest loss to the 13-year-old Linux system. A surge in viruses and efforts to cut costs have driven customers to look for alternatives to Windows, which dominates the $10-billion market for PC operating systems.
January 28, 2003 |
AT&T Corp., the largest U.S. long-distance telephone company, had the outlook on its credit rating cut to "negative" by Standard & Poor's, which cited a drop in revenue from business customers. S&P reduced the outlook on $22.6 billion of AT&T debt from "stable," indicating the next move in the rating, though not imminent, would be lower. AT&T shares fell 26 cents to $19.38 on the NYSE.