AT&T and BT to form world-wide alliance

Article Abstract:

British Telecommunications PLC and AT&T Corp. have agreed to form a global alliance in which they would form a global telecom company that would provide low-cost voice, data and video services to multinational customers. If successful, the venture would allow both companies to more effectively achieve their global aspirations. The venture would be run as an independent entity with 5,000 employees and $1 billion in annual operating and would utilize Internet technology to build a state-of-the-art global phone network. However, federal regulators are expected to put all aspects of such a venture under extremely close scrutiny, as with the recent attempted merger of British Telecom with MCI Communications, which collapsed under increased regulatory scrutiny.

Comment:

To form global telecom venture w/British Telecom, but faces tough scrutiny by federal regulators

United Kingdom, Telecommunications, Telephone Communications, Alliances, partnerships, Telecommunications industry, AT&T Corp., Telephone services, British Telecommunications PLC

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GM's Saturn, UAW reach an agreement, ease walkout threat

Article Abstract:

Saturn Corp., a division of General Motors (GM), reached a tentative agreement with the United Auto Workers. The agreement maintains the unusual elements of the union's contract such as the "risk and reward" pay program and giving workers a say in how the company is run. Workers at the Saturn unit can add to their base pay by reaching certain goals. Their base salary averages 12% less than other GM workers, but in past years they made about $4,000 more with bonuses. Saturn's 7,200 workers voted July 19, 1998 to strike over complaints that the company was freezing them out of major decisions.

Comment:

Saturn Corp. has reached a tentative agreement with the United Auto Workers

Labor force information, Automobiles, Automobile Manufacturing, Company Personnel, Saturn Corp.

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FCC to ease rules on local phone firms for data networks

Article Abstract:

The Federal Communications Commission (FCC) has decided to lessen competitive rules on local telephone carriers in the US. The move is an attempt by the FCC to promote high-speed Interent network development. US local phone carriers have been heavily-regulated in the past. New high-speed data networks that are controlled by the local carriers, or Baby Bells, will not be subjected to the FCC's requirements that the carriers sell the use of their telephone lines to other carriers.

Comment:

FCC decides to lessen competitive rules on local telephone carriers in the US

Government regulation, Legal/Government Regulation, Local Telephone Service, Local telephone services

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