FCC to unveil long-awaited plans for two auctions of airwave licences

Article Abstract:

The FCC is expected to finalize plans this week for two auctions of licences for airwaves that are extremely important to the wireless communications industry. The airwaves are expected to be used by new competitors in the recently opened local communications and cable television markets. The FCC is expected to prevent the Regional Bells and cable TV companies from bidding, since their licensing of the airwaves could be used to prevent competition. Long-distance companies, wireless communications services providers, and others are expected to bid for the rights to use chunks of electromagnetic spectrum to deliver voice and data, including phone service and Internet access. Local multipoint distribution services (LMDS) licenses allow a range of uses for the spectrum. The FCC will also be auctioning licenses to provide digital audio radio via satellites.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Internet, Telecommunications regulations, Wireless network, Wireless LANs, Wireless communications services, Licensing agreements, Local telephone services, Government communications regulation, Internet access, Wireless local area networks (Computer networks), Local telephone service

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AT&T says few managers accept buyout

Article Abstract:

AT&T states that 2,600, or 3.6%, of the 72,000 managers offered buyouts have accepted the deal and are scheduled to leave the company by Jan 13, 1996. The low acceptance rate forces AT&T to begin laying off a large group of managers starting in Jan 1996. AT&T must reduce its 300,000-person workforce by an estimated 20,000 to 30,000 before it divides into three companies. AT&T officials claim they anticipated fewer than 10% of the managers would accept the offer, which was less lucrative than a previous buyout in 1989. The cost of buying out and laying off employees will contribute to a 4th qtr charge some analysts estimate will be more than $3 billion. AT&T plans an initial public offering of 15% of the newly spun off telecommunications equipment business in spring 1996, a move that is expected to bring in about $4 billion.

Telecommunications, Telephone Communication, Human resource management, AT&T Corp., T, Company personnel management, Layoffs, Layoff

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