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Pacific Telesis Group

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BUSINESS
January 22, 1986 | BRUCE KEPPEL
Pacific Telesis Group reported a 12.1% increase in 1985 earnings, but it said the California Public Utilities Commission's refusal last month to boost Pacific Bell's rates will have "an adverse impact" on the parent's 1986 earnings. Net income totaled $929.1 million last year, compared to $828.5 million in 1984, Pacific Telesis' first year of operation as a regional holding company created to take over the assets of Pacific Telephone from American Telephone & Telegraph. Revenue rose 8.6% to $8.
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BUSINESS
January 16, 1998 | CHRIS KRAUL, TIMES STAFF WRITER
In what it touted as the largest single power sale to date in California's deregulating electricity market, Enron Corp. of Houston said Thursday it has made a deal to sell Pacific Telesis Group about $280 million worth of power over four years. Enron is one of many out-of-state power companies vying in California's power market, which is scheduled to open up to competition on March 31.
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BUSINESS
April 17, 1985 | BRUCE KEPPEL
Pacific Telesis Group said that net income for the first quarter of 1985 increased 13.6% to $223.5 million, while revenue rose 10.4% to $2.05 billion. Net income for the same period last year was $196.8 million on revenue of $1.86 billion. Chairman Donald E. Guinn credited "our long-term expense-control programs" for the improved earnings, noting that employment totaled 76,017, a 5.8% drop from a year earlier.
BUSINESS
July 2, 1997 | (Karen Kaplan)
After months of preparation, Pacific Telesis Group's Pacific Bell Mobile Services expects to launch its PCS wireless phone service in Southern California on Thursday. PCS--personal communications service--is an all-digital offering that works on special phones and is designed to compete with traditional analog cellular service. Both PCS and advanced digital cellular networks can send pages and short messages to phones in addition to voice calls.
BUSINESS
July 20, 1995 | JUBE SHIVER Jr., TIMES STAFF WRITER
Federal regulators on Wednesday gave Pacific Telesis Group the go-ahead to build an advanced communications network that will offer phone service and up to 220 channels of video programming to 1.3 million California households and businesses. The company said it could begin commercial service in Los Angeles, San Diego and Orange counties as well as the San Francisco Bay Area as early as next year and reach 5 million homes by 2000.
BUSINESS
January 8, 1991 | CHRIS KRAUL, TIMES STAFF WRITER
Aprominent San Diego office building owned by Pacific Telesis Group is on the selling block, another highly visible piece of evidence that PacTel and other utilities are junking the diversification strategy that they once touted as the key to higher profits.
BUSINESS
September 6, 1985
Dublin-based Lucky Stores elected to its board Sam L. Ginn, vice chairman of Pacific Telesis Group and group president of PacTel Cos.
BUSINESS
October 22, 1986
The board of trustees of California Institute of Technology said it elected Donald E. Guinn to membership on the Caltech board. Guinn is chairman and chief executive of Pacific Telesis Group, San Francisco.
BUSINESS
March 26, 1994 | From Times Staff and Wire Reports
Pacific Telesis Names Quigley to Succeed Ginn: The board of Pacific Telesis Group named Pacific Bell President Philip Quigley to succeed Sam Ginn as chairman of the Pacific Telesis Group after the Baby Bell spins off its wireless unit next week. Quigley's ascension, which was predicted by the company last year, will take effect next Friday as the wireless unit is officially launched as AirTouch Communications. Ginn will lead AirTouch.
BUSINESS
June 20, 1997 | From Bloomberg News
SBC Communications Inc. said it will take charges of up to $2.3 billion in 1997 following its April purchase of Pacific Telesis Group as the combined company pares operations to improve profit. The charges, due largely to write-offs on equipment and abandonment of video services projects, will enable the telecommunications company to add $1 billion in annual profit by 2000, SBC said, while resulting in a loss for the second quarter.
BUSINESS
May 10, 1997 | Reuters
SBC Communications Inc., in its first report as a merged company after acquiring Pacific Telesis Group, reported higher first-quarter earnings. SBC said its earnings rose to $857 million, or 94 cents a share, on a pro forma basis that reflects the April 1 merger with Pacific Telesis, compared with earnings of $798 million, or 86 cents, in the year-ago quarter. San Antonio-based SBC Communications is the holding company for Southwestern Bell, Pacific Bell, Nevada Bell and Cellular One.
BUSINESS
April 2, 1997 | KAREN KAPLAN, SPECIAL TO THE TIMES
It's official: SBC Communications and Pacific Telesis Group have merged. Ed Whitacre and Phil Quigley, chairman and vice chairman, respectively, of the newly combined company, announced consummation of the deal Tuesday morning, a year to the day after the two Baby Bells revealed their intent to combine. Both companies' boards of directors met Monday afternoon, after the California Public Utilities Commission OKd the deal with a few conditions.
NEWS
April 1, 1997 | KAREN KAPLAN, SPECIAL TO THE TIMES
Clearing the way for a massive merger that will ultimately touch almost every resident of California, the state Public Utilities Commission on Monday gave final approval to SBC Communications' $16.5-billion acquisition of Pacific Telesis Group. In a 4-1 vote, the panel blessed the deal on the condition that the combined company refund $214 million to consumers and set aside $50 million over five years to bring new technology to underserved communities.
BUSINESS
March 26, 1997 | KAREN KAPLAN, SPECIAL TO THE TIMES
More than 2.3 million California households are dialing into the Internet, and those connections account for 27% of all residential phone use in California, according to a study released Tuesday by Pacific Telesis Group in support of its request to charge fees for access to the global computer network.
NEWS
March 23, 1997 | GLENN F. BUNTING, TIMES STAFF WRITER
Officials at Pacific Telesis Group acknowledge that they were unaware former Associate Atty. Gen. Webster L. Hubbell, one of the firm's private advisors in the high-stakes battle over massive telecommunications legislation in 1994, worked at the same time for a competing telephone company. Hubbell's simultaneous consulting deals with Pacific Telesis, which provides local phone service in California and Nevada, and Sprint Corp.
BUSINESS
March 18, 1997 | KAREN KAPLAN, SPECIAL TO THE TIMES
Rebuffing a proposal that Pacific Telesis Group and SBC had said might scuttle their $16.7-billion merger deal, state public utilities commissioners on Monday offered alternate plans that drastically reduce the amount of money the phone companies would be required to refund to consumers. The new proposals indicate the commissioners are willing to compromise to smooth the way for the merger. PacTel and SBC had practically threatened to call off the deal if they were required to pay $590.
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