Babes in Europeland: fenced in at home, regional firms see greener grass in Europe
Article Abstract:
The seven regional Bell holding companies are expanding into a burgeoning billion dollar market in Europe spawned by the formation of the European Economic Community and the opening of Eastern Europe. Armed with as much as $1 billion in investment cash each, Bell Atlantic Corp, U S West Communications Inc, NYNEX Corp, Pacific Telesis Group, Southwestern Bell Corp, American Information Technologies Corp and BellSouth Corp seek market shares in telephone service, cable television and mobile phone communications. The Baby Bells have invested more than $2 billion in mobile systems in Europe, and four of them, NYNEX, U S West, Pacific Telesis and Southwestern Bell, have cable television holdings in the United Kingdom for a potential 6.7 million subscribers. A recently awarded Polish cellular franchise, in which Ameritech and France Telecom hold 49 percent of a joint venture with the national phone company, could quickly turn profitable. The market is 38 million people strong and the system is expected to cost $150 million to build.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Asian market booms for phone concerns
Article Abstract:
Asia is seen by the telecommunications industry as the boom market for the year 2000 and beyond. For 1991 alone, the Asian telecommunications equipment market will total $20 billion. Asian telecommunications systems are generally obsolete, with telephone systems 30- to 40 years old and rural areas cut off from urban centers. The modernization lags are negatively affecting the region's bid to attract more foreign investors. In an effort to bring in more manufacturing and financial corporations and foreign investments, Malaysia, Taiwan, Thailand, Indonesia and the Philippines have made the modernization of their telecommunications systems a national priority. The bulk of Asian orders are not just for basic equipment but also for fiber-optic cables, digital switches and cellular networks. Through 1993, for example, industry insiders are forecasting a 50 percent average annual growth in cellular equipment.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Comment about this article or add new information about this topic:
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