September 6, 2003 |
WorldCom Inc. said it had found no evidence to support allegations made by its biggest competitor, AT&T Corp., that the company illegally routed calls to avoid paying fees. Three days before a court hearing on WorldCom's plan to emerge from bankruptcy protection next month, the company is fending off allegations from competitors that it avoided paying to use local phone networks.
March 6, 2004 |
Microsoft Corp. agreed to settle a patent infringement lawsuit filed by AT&T Corp. over technology to speed and improve Internet transmissions of voices. Financial terms were not disclosed. The case was in the middle of trial in federal court in New York. The dispute centered on a way to send voices digitally without making them sound like machines. AT&T said Microsoft used the invention in its NetMeeting and TrueSpeech products without permission.
July 4, 2003 |
Standard & Poor's has cut the rating on AT&T Corp.'s corporate credit and senior unsecured debt to triple-B, two rungs above speculative grade, despite a recent reduction in the company's debt load. S&P said the one-notch downgrade Wednesday reflected the risk the Bedminster, N.J.-based long-distance carrier faced from encroaching technologies, competitive pricing pressures and the slow economic recovery. The ratings agency said AT&T's rating outlook was stable.
June 7, 2005 |
AT&T Corp. and Microsoft Corp. will work together to create Internet-based telephone products to gain corporate customers, while Internet-access provider EarthLink Inc. said it would sell phone service to consumers. AT&T will integrate Microsoft products into its voice over Internet protocol, or VOIP, network. Customers will be able to forward calls, check messages and launch Web conferences using Microsoft Office software, a spokeswoman said.
February 12, 1999
PROPOSED SALE: AT&T Corp. and British Telecommunications, the largest U.S. and British phone companies, have offered to sell assets in Britain to win European Union approval for their planned $3-billion joint venture. EU officials said the proposed sales will be enough to secure EU clearance for the joint venture, which will offer voice, data and Internet services. No details were given. The deal also requires approval by U.S. regulators. In NYSE trading, AT&T shares rose $2.38 to close at $88.
January 28, 1997
AT&T Corp. said it plans to launch local calling services for small and medium-size business customers in California. The move follows that of rival MCI Communications Corp., which has been offering local service to business customers in 25 U.S. cities since last year using its own network facilities.