Purchasing arm of Nynex merged into a new unit

Article Abstract:

Nynex Corp's merges its Material Enterprises Co and Nynex Service Co to form the Telesector Resources Group, which will be jointly owned by Nynex subsidiaries New York Telephone Co and New England Telephone Co. Telesector Resources will provide various services exclusively to the phone companies, including centralized planning, marketing and purchasing. Nynex Service's president, Francis M. Austin Jr, is named president of Telesector Resources. The merger comes one day after New York state regulators decided to investigate more fully relations between New York Telephone and other Nynex units, including Material Enterprises. Also, the Federal Communications Commission has accused Material Enterprises of overcharging New York Telephone and New England Telephone.

Telephone and telegraph apparatus, Management, Mergers, acquisitions and divestments, United States. Federal Communications Commission, Investigations, Appointments, resignations and dismissals, Regional Bell Operating Companies, Merger, Bell Regional Holding Companies, New York Telephone Co., New England Telephone and Telegraph Co., Investigation, Subsidiary Company, Austin, Francis M., Jr, Material Enterprises Co., NYNEX Service Co., NYNEX Telesector Resources Group Inc.

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Nynex discloses it will suspend videotex service

Article Abstract:

NYNEX Corp announces that it is cancelling its videotex offerings because the service generated several million dollars a year in losses. Videotex is a service offered to users with microcomputers and provides customers with a variety of information including news, weather, stock information and sports. NYNEX indicates that the videotex service may be reopened if the regulatory, judicial and economic climate improves. Other companies that offer videotex services also express some difficulty in attracting customers and providing a wide variety of information services. NYNEX states that its inability to control the interfaces between various services was a factor in its decision.

Usage, Economic aspects, Microcomputers, Services, Telecommunications industry, Business planning, Videotex systems, Microcomputer, Videotex

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Nynex is asked to cut rates $81 million in staff recommendation to regulators

Article Abstract:

The staff of New York state's Public Service Commission is rejects Nynex Corp's proposal for a $919.7 million increase for 1991, recommending instead that Nynex Corp reduce its current rates by $81 million. The staff indicates that the New York Telephone Co, a unit of Nynex, understated its 1991 revenue forecast, failed to account properly for certain deregulated operations' costs and improperly included excessive central office equipment-removal costs. New York Telephone says the staff's recommendations are grossly inappropriate. A final ruling by the commission is expected in Dec 1990.

Prices and rates, Science and technology policy, New York (State), New York, New York (State). Public Service Commission, Reduction, New York. Public Service Commission

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