AT&T names heads for 2 spun-off units

Article Abstract:

AT&T has named Alex J. Mandl as the head of the central communications company and Henry B. Schacht as the head of the equipment company that will be formed after the corporation splits itself into three entities. AT&T has also received welcome news from the FCC, which has removed restrictions requiring that AT&T advertise all residential rate changes at least a month in advance. AT&T CEO and Chmn Robert E. Allen will remain with the $70 billion Communications Services Group, of which Mandl will be president and CEO. Schacht's appointment surprised many observers who anticipated that Richard A. McGinn would get the appointment. McGinn led the Network Systems group into profitability with a number of contracts for its switching and transmission equipment; he will now serve as Pres and CEO of the $20 billion equipment company. Allen states that the broad line of products the new equipment company will produce requires a leader with more experience.

Officials and employees, AT&T Corp., T, Appointments, resignations and dismissals, Schacht, Henry B., Allen, Robert E., Company Operations, Company Employee, Company Employee Status Change

---

Deutsche Telekom to keep seeking foreign mergers

Article Abstract:

After Deutsche Telekom's failed bid to merge with Telecom Italia, the telecommunications industry giant has pledged to his stockholders to keep trying to acquire other companies. Currently Deutsch Telecom is an negotiating a partnership with France Telecom and the Spring Corporation. However, the deal is extremely complicated and negotiations are not going smoothly.

Italy, United States, Acquisitions & mergers, Germany, France, Wired Telecommunications Carriers, COMMUNICATION, Communications, Broadcasting and Telecommunications, Telephone Communications, Telephone communications, exc. radio, Mergers, acquisitions and divestments, Company acquisition/merger, Telephone services, Sprint Corp., FON, Deutsche Telekom AG, Telecom Italia S.p.A., France Telecom S.A., FTE

---

Similar abstracts:

• Abstracts: 2 Bell Atlantic executives promoted to vice chairmen. Service deal by Nynex to aid rivals. Bell Atlantic's (mild) interest in public broadcasting stake
• Abstracts: Deregulation of phones: the hard part: F.C.C. plan gets down to practical questions. Nynex lets rival sell phone service

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.