AT&T long-distance rates cut and MCI joins in move

Article Abstract:

AT&T has announced a reduction in its basic long-distance rates, for day and evening calls the price will be 5% less and for night and weekend calls rates will be down 15%. The price reduction comes as part of an agreement that AT&T has with the FCC, which includes the FCC ordering the regional Bell companies to lower their use of local network charges to AT&T. The price is the first time since 1993 AT&T has significantly cut back its rates. MCI Communications immediately announced it would match AT&T's rates. Sprint is unsure how it will respond. Approximately half of AT&T's 75 million customers are on the basic long-distance plan. These customer's savings will total $900 million dollars annually. AT&T's stock dropped 75 cents a share, to $35.0625, when the rate reduction was announced.

Prices and rates, Long distance telephone services, Long-distance telephone service, MCI Communications Corp., MCIC, Company pricing policy

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Left out of the succession fight, a rising star defects to upstart

Article Abstract:

Joseph P. Nacchio, formerly the president of AT&T's consumer and small business division, is now the Pres and CEO of Qwest Communications International, a start-up company that offers transcontinental telecommunications services. In order to compete against AT&T, Qwest has an agreement with railroad magnate, Philip F. Anschutz. Nacchio is planning to have dense bundles of fiber optic cable buried between San Francisco and Boston, along the over 10,000 miles of Anschutz's railway rights. In return Anschutz will own 86.5% of Qwest, valued at approximately $1.6 billion. GTE, Worldcom and Frontier are subsidizing the $1.4 billion construction of the fiber optic burial with $1.02 billion each. In return the three carriers will have access to half of the network's capacity.

Officials and employees, Human resource management, Investments, Qwest Communications International Inc., Company personnel management, Company executive, Computer executives, Anschutz, Philip F.

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