AT&T offers deep discounts in 800 service
Article Abstract:
AT&T announces price cuts in its toll-free 800 long-distance services in an attempt to remain competitive. AT&T's plan results in a cost reduction averaging 20 percent for long-distance accounts that integrate incoming and outgoing calls, including toll-free services. This announcement is the first time that AT&T has made such sweeping price reductions in all of its long distance services. AT&T believes that the Federal Communications Commission (FCC) will announce a change in regulations that would permit businesses to have different toll-free and traditional long-distance carriers, and is trying to make its services more attractive in anticipation of this change. The toll-free market is worth $7 billion and AT&T's market share totals $2 billion. Competitors MCI and Sprint currently offer bundled toll-free and long distance services with discounts for toll-free services.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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As AT&T credit card charges ahead, banks fight back
Article Abstract:
AT and T's new credit card business is gaining it enemies in the form of other large banks who are also issuers of credit cards, and who are claiming in a petition filed with state and federal regulators that AT and T's arrangement breaks a variety of regulations. AT and T is working with Universal Bank, a subsidiary of the nation's second largest processor of credit cards, Synovus Financial Corp, to issue the cards, which are a combination of calling card and credit card. AT and T claims it has anticipated all possible objections and feels it is operating within the law. The banks feel that Universal Bank is no more than a funding entity for AT and T, which is prohibited by law from owning commercial banks.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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State Department opposes AT&T plan to use Intersputnik for phone traffic
Article Abstract:
The State Department is opposing AT and T's plan to use the Soviet satellite system Intersputnik to carry telephone traffic between the Soviet Union and the U.S. claiming that it violates international policies established by the International Telecommunications Satellite Organization (Intelsat). U.S. policy bans U.S. communications carriers from sending public transmissions over satellite networks other than Intelsat. The Federal Communications Commission (FCC) has yet to rule on AT and T's request but is not likely to ignore the State Department's concerns. AT and T currently derives less than one percent of its $3.5 billion in international communications revenue from the Soviet Union.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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