June 24, 2002 |
In today's brutally humbled telecommunications industry, it's all about the basics. Upstarts with brash-talking executives are out. Conquering the world is out. And chief executives these days can forget about rapid expansion, frenzied acquisitions and highflying stock prices. In times like these, it's good to be Verizon Communications Inc.
November 14, 2001 |
Europe's telecommunications titans continue to struggle with the continent's steep downturn, with two reporting steep losses Tuesday while two others saw their credit ratings cut. London-based Vodafone Group, Europe's largest mobile phone company, said its fiscal first-half loss more than doubled to $14 billion as it wrote down the value of acquisitions from a spending spree.
January 1, 2004 |
Until 1984, people like Mary Quintana and Laer Pearce rarely thought about their telephone service. There was one company -- AT&T Corp. -- and it charged one basic price for local calls. Long-distance service cost extra and was too expensive not to watch the clock while talking. Then a federal court mandate turned the telecommunications industry upside down, and millions of Americans suddenly had to start paying attention.
March 27, 2001 |
For more than a year, the wireless industry has heralded the promise of third-generation technology and the coming of do-it-all phones with high-speed Internet connections and streaming video. Now, however, the mobile companies are changing their tune. Battered by low stock prices, slowing phone sales and the prospect of investing billions of dollars on new radio spectrum and networks, many companies say the shift to so-called 3G high-speed cellular networks isn't so urgent after all.
CALIFORNIA | LOCAL
January 26, 1999 |
The Los Angeles City Council is expected to weigh in today on one of the most controversial aspects of cable TV, and it isn't even about television. It is about the Internet, and who will control its delivery at high speeds to hundreds of thousands of households in Los Angeles over cable television lines.
February 9, 2001 |
With new FCC Chairman Michael Powell throttling back his agency's past activism, the telecommunications battleground is likely to shift to Congress and the states. In his first news conference since President Bush named him chairman of the Federal Communications Commission last month, Powell spelled out his belief this week that the marketplace, rather than federal bureaucrats, should set the terms of telecommunications competition.
August 16, 2005 |
Qwest Communications International Inc. and union representatives headed back to the bargaining table Monday afternoon after a day in which little progress was reported in reaching a new contract for nearly 25,000 employees. The employees across a 13-state region remained on the job two days after their contract with the telephone provider expired, hoping to avoid a strike.
February 2, 2005 |
SBC Communications Inc. said Tuesday that it expected to eliminate about 13,000 jobs after its $16-billion acquisition of AT&T Corp. closes, but the telephone company stressed that many of those positions could be cut through attrition rather than layoffs. The projection came during an occasionally heated meeting with investors a day after SBC announced plans to acquire AT&T, its former corporate parent, in a deal that would create one of the world's biggest telecommunications companies.
April 30, 2005 |
A deadline in an unusual bidding war to acquire long-distance carrier MCI Inc. passed Friday night without word of a new offer from regional giant Verizon Communications Inc. Verizon, the No. 1 U.S. phone company, had until 9 p.m. PDT to counter an offer of $9.75 billion, or $30 a share, from another regional carrier, Qwest Communications International Inc. MCI's board, which had accepted Verizon's lower bid of $7.5 billion, or $23.
July 9, 2005 |
A state Assembly committee killed a Senate bill that would have ensured basic consumer protections for California telephone and cellphone customers. The Democrat-sponsored measure, designed to reinstate many of the safeguards that the state Public Utilities Commission had shelved in January, was voted down 4-3, with three Democrats abstaining. * James S. Granelli