February 11, 1994
Viacom Inc. on Thursday charged that QVC Network Inc., its rival in the bidding war for Paramount Communications Inc., is cheating by attempting to improve its offer before the contest's Monday deadline, and it called on Paramount to take "vigorous action." Viacom noted that QVC has hinted in recent meetings with securities analysts and traders that it might provide guarantees for the price of the stock portion of its Paramount bid.
March 26, 2005 |
BellSouth Corp. and the other big local U.S. telephone carriers won a decision barring states from requiring them to offer stand-alone high-speed Internet service to customers who buy voice service from a competitor. The Federal Communications Commission, by a vote of 3 to 2, approved BellSouth's request to preempt states from imposing such a requirement, stating that it violated federal communications laws and regulations.
February 11, 2003 |
BellSouth Corp. won extension of a court order preventing Vice Chairman Gary Forsee from becoming chief executive of rival telephone company Sprint Corp., with a judge ordering the dispute to be resolved in arbitration. The restraining order against Forsee, obtained by BellSouth in a Georgia court Jan. 31, was extended 30 days by the judge, according to legal documents.
February 21, 2006 |
EarthLink Inc. said Monday that it would offer DirecTV satellite television service in a bundled option in select markets across the United States. The Atlanta-based Internet service provider said the offer would begin by the end of the first quarter. It did not say in which markets the option would be available or offer any pricing details. Atlanta-based BellSouth Corp., the dominant local telephone provider in nine southeastern states, also has a partnership with DirecTV Inc.
March 5, 2004 |
BellSouth Corp. is in talks to sell its Latin America operations to Telefonica of Spain to raise its share of the $41 billion that Cingular Wireless has agreed to pay to acquire AT&T Wireless. The assets, mostly cellphone businesses, could fetch up to $6 billion for BellSouth.
March 9, 2004 |
BellSouth Corp. agreed to sell its stake in 10 Latin American operations to a wireless unit of Spanish telecommunications giant Telefonica for about $4.2 billion in cash and the assumption of $1.5 billion in debt. BellSouth said Monday that the deal would allow it to focus on its domestic business. Proceeds from the sale also would help fund BellSouth's $16-billion share of last month's deal to acquire AT&T Wireless. BellSouth owns 40% of Cingular, and SBC Communications Inc. owns 60%.
September 30, 2000 |
SBC Communications Inc. and BellSouth Corp. won final regulatory approval to combine their wireless assets and form the second-largest U.S. mobile phone company, which would reach 70% of the nation. The Federal Communications Commission said the new entity won't hurt competition in any market and will give consumers another choice.
January 15, 1997 |
Sprint Corp., AT&T Corp. and BellSouth Corp. were the top three winners of next-generation cellular licenses in the latest auction of federal airwaves, which closed after reaching $2.517 billion in bids. The sale was the biggest yet in terms of the number of licenses sold. Structured as three simultaneous sales, 1,479 personal communications services, or three PCS licenses per U.S. market, were on the block.
April 27, 1999 |
BellSouth Corp. and US West Inc. on Monday lost a Supreme Court appeal that could have jump-started legal efforts by regional phone companies to enter the $80-billion long-distance business. The high court refused to review contentions by the two companies that the 1996 telecommunications overhaul unconstitutionally limited their involvement in the electronic-publishing business. The justices left intact a lower court decision upholding the rules.