December 28, 1999 |
The Federal Communications Commission on Monday denied a motion by AT&T Corp. to change the agency's decision to allow Bell Atlantic Corp. to offer long-distance telephone service in New York. But the damage was already done to Bell Atlantic and other former Baby Bell shares Monday, which fell sharply. AT&T late Thursday asked the commission to revoke its approval by the close of business Monday, saying otherwise AT&T would file a challenge in the U.S.
December 23, 1999 |
Local phone company Bell Atlantic Corp. on Wednesday was granted entry into the New York long-distance market, marking the first time a Baby Bell has been allowed to compete in long-distance since AT&T Corp.'s breakup in 1984. The Federal Communication Commission's unanimous approval came four years after the 1996 Telecommunications Act promised to open up wide-ranging competition in phone services. AT&T said it will appeal the decision.
December 22, 1999 |
Bell Atlantic Corp. will become the first of the Baby Bells allowed into the $80-billion long-distance market, signaling a new era of competition in the communications industry, the New York Times reported in today's editions. The announcement expected today from the Federal Communications Commission would allow Bell Atlantic to sell long-distance services to the 6.6 million households it serves in New York state.
December 16, 1999 |
The Federal Communications Commission is expected to approve Bell Atlantic Corp.'s application to enter the long-distance phone business in New York state before the end of the month, industry sources say. FCC Chairman William E. Kennard said that the agency expects to complete its review of Bell Atlantic's application this month but would not otherwise comment on the outcome of the review.
December 7, 1999 |
The Justice Department late Monday approved Bell Atlantic's wireless partnership with Vodafone AirTouch and its merger with GTE Corp., after forcing the telephone companies to agree to sell wireless businesses in 96 markets in 15 states. The proposed divestiture is likely the largest sell-off ever required by the government in approving a corporate merger, the Justice Department said in a statement.
September 30, 1999 |
The nation's largest local phone company, Bell Atlantic, asked federal regulators Wednesday to let it enter the New York long-distance market. Analysts said Bell Atlantic had a good chance of gaining FCC approval and becoming the first "Baby Bell" permitted into the $90-billion long-distance market.
September 22, 1999 |
Bell Atlantic Corp. and Vodafone AirTouch on Tuesday agreed to combine their U.S. wireless operations to form the nation's largest mobile phone company--at 20 million customers, nearly double the size of former leader AT&T Corp. Bell Atlantic, the country's largest local phone company, would connect its East Coast network with the West Coast network of Vodafone, Britain's largest wireless company.
September 7, 1999 |
Vodafone AirTouch, the world's largest wireless telephone company, said a link with Bell Atlantic Corp. is among the options it is considering as it looks to develop its U.S. operations. Shares of Britain-based Vodafone rose 3.86% after it confirmed it is in talks with Bell Atlantic, the No. 1 U.S. local phone company. The statement sparked optimism that the two companies will resurrect a wireless venture that ended last month.
August 27, 1999 |
Vodafone AirTouch, the world's largest wireless company, is in talks to form a joint venture with Bell Atlantic Corp., the No. 1 U.S. local phone company, three weeks after the companies agreed to split their existing wireless venture, the Times of London said, citing sources close to Vodafone. Analysts said the agreement could involve a merger of Vodafone's operations in the Western U.S. and Bell Atlantic's cellular unit, the paper said. Both companies declined to comment.
May 19, 1999 |
Moving a step closer to creating the nation's largest phone company, GTE Corp. shareholders approved the company's proposed $82.8-billion acquisition by Bell Atlantic Corp. At GTE's annual meeting in Atlanta, investors representing 76% of its outstanding shares voted in favor of the transaction--more than the two-thirds needed for approval.