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BUSINESS
February 25, 1994 | From Associated Press
Southwestern Bell Corp. said Thursday that it has agreed to buy the domestic cellular telephone business of Associated Communications Corp. in a $680-million stock swap. The deal will boost Southwestern Bell's cellular phone operations in Upstate New York, where the company recently said it would buy another batch of cellular properties.
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BUSINESS
July 19, 1996 | From Times Wire Services
Regional telephone companies posted strong second-quarter earnings Thursday, while AT&T Corp. reported a modest gain in profit amid increased competition in the long-distance market, sending its stock sharply lower. Regional Bells Pacific Telesis, SBC Communications and Bell Atlantic posted record results as did No. 2 long-distance provider MCI.
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BUSINESS
July 21, 1992
Southwestern Bell Corp. said its profit rose sharply in the second quarter, while another Baby Bell phone company, Bell Atlantic Corp., said its earnings slipped due to a one-time charge. Southwestern Bell said it earned $305 million, or $1.01 a share, in the three months ended June 30, up 76% from $173 million, or 57 cents, in the same period a year ago. But the earnings in the year-ago quarter were depressed by a one-time charge of $80.7 million for debt refinancing.
BUSINESS
April 2, 1996 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
The proposed merger of SBC Communications Inc. with Pacific Telesis Group would bring to the California market a telecommunications company that has succeeded more by aggressive competitive tactics than by investing in flashy technology or entering uncharted waters, analysts and corporate observers say.
BUSINESS
April 13, 1985
The U.S. District Court judge ruled that local Bell operating companies cannot provide switching equipment to companies that offer long-distance phone service. Judge Harold H. Greene, who presided over the breakup of the Bell System, said Southwestern Bell Telecommunications had to disassociate itself from a lease through which it provided switching gear to National Telecommunications of Austin, Tex.
BUSINESS
July 9, 1985
The purchase of Mast Advertising & Publishing for $120 million nearly doubles the number of Yellow Pages directories that Southwestern publishes. Mast, a unit of Continental Telecom of Atlanta, publishes 523 directories. Under terms of the agreement, Mast, based in Overland Park, Kan., will continue publishing directories for Contel and a number of other independent telephone companies as well as some suburban directories.
BUSINESS
August 12, 1994 | From Reuters
McCaw Cellular Communications Inc. has held talks with Southwestern Bell Corp. on how to create a more unified national cellular telephone network, a McCaw official said Thursday. "We have had discussions with them, and we have had discussions with a lot of companies about how to increase our footprint," said McCaw Vice President Bob Ratliffe.
NEWS
December 8, 1993 | JOHN LIPPMAN, TIMES STAFF WRITER
In the latest marriage between a cable TV operator and a telephone company, Cox Cable Communications and Southwestern Bell will form a $4.9-billion joint venture to pursue burgeoning telecommunication opportunities, the two companies said Tuesday. The firms will team up to offer a wide array of video and other interactive services to the venture's own cable customers and, eventually, to phone customers. Executives said the venture also hopes to invest in programming.
BUSINESS
January 28, 1985 | United Press International
The break-up of AT&T a year ago sparked speculation about how the newly independent regional phone companies might try to expand into new businesses. No one talked much about publishing as a possible venture. But the first attempt by one of Ma Bell's offspring to go national has turned out to be a book. The Silver Pages, brainchild of Southwestern Bell, will be published in 46 cities around the country by the end of this year, and Southwestern hopes eventually to cover 110 metropolitan areas.
BUSINESS
December 10, 1990 | JUANITA DARLING, Times Staff Writer
An international consortium that includes Southwestern Bell has won the bidding for the Mexican government's controlling interest in this country's national telephone company with a $1.756-billion offer, the government announced Sunday. St. Louis-based Southwestern Bell and its partners, which include France Telecom and Mexican financier Carlos Slim's Grupo Carso, will receive 20.4% of the stock in Telefonos de Mexico, a company expected to have $3.
BUSINESS
August 8, 1995 | From Associated Press
Negotiations appeared to be creeping toward a settlement in the labor dispute between Pacific Telesis Group and a union representing roughly 34,000 of its workers, both sides said Monday. Meanwhile, Southwestern Bell Telephone Co. reached agreement Monday with a union representing most of its employees, a union official said, becoming the first of five regional Bell companies with negotiations under way to do so.
BUSINESS
September 27, 1994 | From Times Staff and Wire Reports
Baby Bell Hires Microsoft, Lockheed for Two-Way TV: Southwestern Bell Corp. said Microsoft Corp. and Lockheed Corp. will help with an experiment in two-way television. The three companies hope to start offering two-way services, such as movies-on-demand, to about 2,500 homes in the Dallas suburb of Richardson late next year.
BUSINESS
August 12, 1994 | From Reuters
McCaw Cellular Communications Inc. has held talks with Southwestern Bell Corp. on how to create a more unified national cellular telephone network, a McCaw official said Thursday. "We have had discussions with them, and we have had discussions with a lot of companies about how to increase our footprint," said McCaw Vice President Bob Ratliffe.
BUSINESS
May 21, 1994 | From Times Staff and Wire Reports
Baby Bells to Compete: Southwestern Bell Corp. became the first Baby Bell to directly challenge another Bell over local phone service. Its target is a Bell Atlantic Corp. operation in suburban Washington. A Montgomery County cable TV system that Southwestern Bell purchased earlier this year asked the Maryland Public Service Commission for permission to offer local phone service. The commission could take months to issue a ruling.
BUSINESS
April 18, 1994 | From Times Staff and Wire Reports
Southwestern Bell Corp. May Join Cellular Venture: The company said it has been invited to join a consortium that will build a second cellular telephone system in Korea. The San Antonio-based regional phone company said it expects to share a 20.2% stake set aside for international companies in the digital cellular venture. The other major international participant will be AirTouch Communications Inc., formerly PacTel Corp., Southwestern Bell said, with Qualcomm Inc. and GTE Corp.
BUSINESS
February 25, 1994 | From Associated Press
Southwestern Bell Corp. said Thursday that it has agreed to buy the domestic cellular telephone business of Associated Communications Corp. in a $680-million stock swap. The deal will boost Southwestern Bell's cellular phone operations in Upstate New York, where the company recently said it would buy another batch of cellular properties.
BUSINESS
September 30, 1993 | JAMES BATES and CARLA LAZZARESCHI, TIMES STAFF WRITERS
Bolstered in its bid to buy Paramount Communications Inc. by a $600-million investment from video giant Blockbuster Entertainment, Viacom Inc. was actively negotiating with other potential investors Wednesday. Intense discussions were under way with media giant Cox Enterprises and Southwestern Bell Corp., a regional telephone company. Separately, sources confirmed that NYNEX Corp., the New York area phone company, is also a possible investor.
BUSINESS
September 10, 1991 | From Times Staff and Wire Reports
Southwestern Bell to Up Stake in Mexico Phone Company: Southwestern Bell Corp. said it plans to double its stake in Telefonos de Mexico, the national telecommunications company of Mexico. The St. Louis-based company said it will use the option to buy more than 530 million "L" shares of stock for $467.3 million, or about 88 cents a share. The purchase increases Southwestern Bell's holdings to 10% of the Mexican phone company.
NEWS
December 8, 1993 | JOHN LIPPMAN, TIMES STAFF WRITER
In the latest marriage between a cable TV operator and a telephone company, Cox Cable Communications and Southwestern Bell will form a $4.9-billion joint venture to pursue burgeoning telecommunication opportunities, the two companies said Tuesday. The firms will team up to offer a wide array of video and other interactive services to the venture's own cable customers and, eventually, to phone customers. Executives said the venture also hopes to invest in programming.
BUSINESS
December 8, 1993 | JOHN LIPPMAN, TIMES STAFF WRITER
In the latest marriage between a cable TV operator and a telephone company, Cox Cable Communications and Southwestern Bell will form a $4.9-billion joint venture to pursue burgeoning telecommunication opportunities, the two companies said Tuesday. The firms will team up to offer a wide array of video and other interactive services to the venture's own cable customers and, eventually, to phone customers. Executives said the venture also hopes to invest in programming.
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