December 24, 1997 |
AT&T Corp. agreed to sell its customer services unit to Cincinnati Bell Inc. for $650 million as part of a continuing effort to slim down and focus on its telecommunications business. AT&T said in October that it planned to sell its Solutions Customer Care business. As part of the deal, Cincinnati Bell's Matrixx Marketing Inc. unit would handle customer inquiries and employee services for AT&T Solutions for eight years.
December 20, 1997 |
AT&T Corp. said Friday that it is freezing hiring and halting its effort to expand into local telephone service in an aggressive drive by new Chairman C. Michael Armstrong to cut costs and buoy the company's stock price. AT&T's decision to halt its foray into local service is the latest sign of trouble with a federal law that was supposed to nurture new competition in local markets that would drive down phone rates for consumers.
November 26, 1997 |
The Federal Communications Commission voted Tuesday to open the nation's $200-billion telecommunications market to greater foreign competition and in a separate action proposed that all new radio and TV licenses be sold to the highest bidder. The two decisions together represent a further embrace of market competition by the federal agency and will likely spur additional consolidation in the booming telecommunications industry.
November 5, 1997 |
Telephone carriers on Tuesday started asking federal regulators for permission to begin charging customers for $4 billion to pay for a politically controversial project that marks the most sweeping upgrade of the nation's phone system since direct dialing 60 years ago.
October 7, 1997 |
The price of a pay phone call appears headed up to 35 cents across much of the nation, under new federal rules going into effect today that free telephone companies to charge whatever the market will bear. Pacific Bell, which operates about 65% of California's 227,000 pay phones, acknowledges that the days of 25-cent calls are coming to an end but will not say how big a rate increase it is planning to make.
August 20, 1997 |
Federal regulators on Tuesday rejected Ameritech Corp.'s request to provide long-distance phone service, thwarting the carrier's bid to be the first Baby Bell to offer such service since the 1984 breakup of AT&T Corp. But in a partial victory for Ameritech, the Federal Communications Commission provided a detailed road map for how the Chicago-based carrier and other regional Bells can enter the $80-billion long-distance business.
July 24, 1997 |
In a highly unusual maneuver, House and Senate budget conferees are considering diverting billions of dollars in rural phone subsidies to make up for an expected shortfall in federal airwave-auction revenue. The federal government projects a $3-billion to $4-billion budget gap stemming from a short supply in forthcoming auctions of airwaves to communications companies.
July 21, 1997 |
About the only thing people living in Southwestern Bell's service area hate more than visiting the dentist, sitting in traffic or reporting for jury duty is getting a call at dinner from someone pitching a long-distance service. About half of 1,000 households surveyed by the company this spring said they would rather undertake the aforementioned unpleasant activities than hear from a telemarketer while they're eating. The survey was conducted in Missouri, Texas, Oklahoma, Kansas and Arkansas.
July 19, 1997 |
In another sign that President Clinton will push for a toughened tobacco settlement, administration officials on Friday met with four tobacco industry whistle-blowers, introduced them to the media as "American heroes" and said they had listened carefully to their warnings that cigarette makers have not disclosed everything they know about smoking's health hazards. "I think the major message of today . . .
July 16, 1997 |
Flooded with thousands of complaints, federal regulators moved to beef up rules that protect consumers from having their phone service switched without their approval. The Federal Communications Commission proposed to extend its rules against "slamming" to unapproved changes in local phone service--on top of existing rules covering long-distance calling. The plan would tighten company procedures for verifying changes in a customer's local and long-distance service.