November 5, 2000 |
Federal authorities are investigating the nation's largest long-distance company, AT&T Corp., for allegedly acquiring thousands of new customers from rivals by switching their phone service without their consent--a tactic known as "slamming." The probe was confirmed to The Times by a government source and a telephone industry executive.
October 13, 2000 |
Seeking to boost telephone competition, federal regulators Thursday approved rules granting phone carriers greater access to commercial and residential buildings. In a 4-1 vote, the Federal Communications Commission agreed to bar phone companies such as Pacific Bell parent SBC Communications Inc. from making exclusive deals with commercial building owners that restricted landlords from granting building access to other telecommunications companies.
September 26, 2000 |
Verizon Communications, the largest U.S. cellular phone provider, said it broke with the industry and agreed to support laws that would ban hand-held cell phone use while driving, a practice blamed for deadly accidents. The New York-based company's apparent change of heart came as a committee of Chicago aldermen postponed a vote on a ban.
September 21, 2000 |
Shares of Sprint Corp. fell to nearly a three-year low Wednesday after it warned of lower third-quarter profit amid stiff competition in the long-distance telephone market and fewer-than-expected subscribers in its wireless telephone unit. Shares of the wireless unit, Sprint PCS Group, plunged 19% to its lowest level in over a year after it said increased competition and its decision to cancel some unprofitable customers would hurt its third-quarter subscriber growth.
September 14, 2000 |
John Malone, the former cable mogul known as one of the media world's most astute investors, isn't looking too smart after suffering a paper loss of $1 billion since December in AT&T Corp.'s stock slide. And Malone isn't a good loser. The Denver-based billionaire, who became the telecommunications company's largest shareholder in the 1999 sale of cable giant Tele-Communications Inc. to AT&T, has gone into overdrive to recover from the loss.
August 10, 2000 |
In the fight against telephone "slamming," regulators have long had trouble tracking down and punishing lesser-known phone companies that resell long-distance service carried by another firm. But a series of new anti-slamming regulations that take effect this fall may help close loopholes that for years have protected unscrupulous long-distance resellers. Slamming is the illegal practice of switching a customer's long-distance service without permission.