Layaway plan helps finance a new generation of P.C.S. wireless services
Article Abstract:
Large corporations that make equipment for PCS are entering the realm of vendor financing. PCS operators spend billions of dollars on airwaves and equipment. These operators can therefore take advantage of the competition among telecommunications equipment giants by demanding financing as a prerequisite for their business. Most experts calculate the cost of building a PCS network at approximately $25 per resident, which puts the cost of a system for two million people at as much as $60 million. These huge expenses have prompted even larger PCS operators such as Sprint Spectrum to borrow from the companies which provide them the electronic equipment necessary to build wireless telephone networks. Sprint Spectrum's recent loan of $3.1 billion from Lucent Technologies and Northern Telecom illustrates that this trend applies to companies with vast resources as well as to start-up companies which lack revenue.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Lucent: A sassy spinoff enjoys a lot of luck
Article Abstract:
Lucent Technologies, the telecommunications equipment and network-building business that was spun-off from AT&T, is doing extremely well, far better in fact than AT&T ever expected it would. When Lucent's stock shares were initially offered in April of 1996, they were valued at $27. A year later the stocks are worth $50.875. One reason the company is doing so well is the number of individuals ordering second phone lines. This has caused local Bells to expand their networks, often with products purchased from Lucent. In 1996, 23% of Lucent's revenue came from international sales. Henry B. Schacht is Lucent's chairman and CEO. His heir apparent is Richard A. McGinn, Pres and COO.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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Lucent to buy consultant for $3.7 billion in stock; giant equipment maker moves into services
Article Abstract:
Lucent is buying International Network Services Inc. for $3.7 billion in stock. The consulting company is located in Sunnyvale, California and has serviced such clients as First Union, AT&T, and Microsoft. This is Lucent Technologies first move into a services arena.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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