November 3, 1993 |
Southwestern Bell Corp. said Tuesday it has filed a petition with the Federal Communications Commission to deny or impose conditions on AT&T's proposed merger with McCaw Cellular Communications Inc. In August, AT&T, the largest U.S. long-distance company, proposed to merge with McCaw, the largest U.S. cellular operator, in a transaction valued at $12.6 billion.
April 6, 1994 |
A federal judge ruled Tuesday that American Telephone & Telegraph Co.'s proposed $12.6-billion acquisition of McCaw Cellular Communications Inc. violates the landmark consent decree that broke up the phone monopoly 10 years ago. The decision, which could scuttle perhaps the most important such deal in years, was handed down by U.S. District Judge Harold H. Greene, who issued the consent decree in the first place and whose rulings have helped shape telecommunications ever since.
June 19, 1989 |
Recent editions of "Who's Who in the West" and "Who's Who of Emerging Leaders In America" describe the achievements of a son of the late J. Elroy McCaw, a Seattle entrepreneur who built a communications empire. Surprisingly, though, the listing is for Elroy's first-born son, an insurance executive, and not Craig O. McCaw, the second son, who has jolted the big regional phone companies by becoming the undisputed leader of the hot new cellular telephone industry. After starting out with a small cable television concern inherited by the four McCaw sons, 39-year-old Craig McCaw has led the way into building Kirkland, Wash.
April 8, 1995 |
AT&T Corp. said Friday that its McCaw Cellular Communications unit has decided to buy the 48% of LIN Broadcasting Corp. it does not already own for $127.50 a share, or $3.3 billion in cash. The decision is a major step in ending a dispute over the cellular telephone company's value. The price was determined by a process set in 1989 when McCaw bought 52% of LIN. McCaw was later acquired by AT&T for $11.5 billion in a deal completed last September.
November 5, 1992 |
American Telephone & Telegraph disclosed plans Wednesday to buy a stake worth $3.8 billion in McCaw Cellular Communications, a move that could make AT&T a major player in the emerging wireless communications market. The nation's largest long-distance carrier said that it is negotiating to buy a one-third stake in McCaw, the nation's biggest cellular phone operator.
August 19, 1993 |
In love, war and telecommunications, turnabout is fair play. Now that AT&T's multibillion-dollar marriage to McCaw Cellular Communications brilliantly positions it to bypass the Baby Bells, it's only fair that America's telecom policy-makers also make The Right Choice: Free the Baby Bell 7! Let them compete in the long-distance market.
May 28, 1993 |
Hoping to expand the use of cellular phones among everyday consumers, McCaw Cellular is experimenting with a new way for subscribers to have someone else pick up the tab for the calls. Dubbed "calling party pays," the feature allows cellular subscribers--who pay up to 45 cents per minute for incoming calls--to require that their callers be billed instead. Outgoing calls would still be billed to the subscriber.
August 1, 1989 |
Lin Broadcasting, declaring that McCaw Cellular Communications failed to meet a Monday deadline for reaching a friendly merger agreement, said Monday that it intends to pursue alternatives to the McCaw proposal. "Lin has given McCaw every reasonable opportunity to enter into a merger agreement" at the price of $6.1 billion, or $127.50 a share, Lin Chairman and Chief Executive Donald A. Pels said in a prepared statement.