SAIC is near agreement to buy Bellcore; the $700 million accord for Bell's research arm could come this week
Article Abstract:
The sale of Bell Communications Research (Bellcore) to Science Applications International Corp (SAIC) for $700 million is expected to be officially announced by the end of Sep 1996. SAIC is a research firm that was formed after the breakup of AT&T and is jointly owned by the seven regional Bell operating companies. The sale must be approved by the boards of all seven RBOCs, but it is expected to be finalized within a year. SAIC is an employee-owned company with annual revenues of $2 billion. The company earns most of its revenue through government consulting contracts. SAIC is highly diversified and specializes in systems integration, national security, transportation and health care. The company has been expanding its telecommunications services. Bellcore's influence in the telecommunications sector has been declining, a reflection on the rapidly changing industry. Strained relations between the RBOCs, as they seek competitive advantages over their partners, have made it difficult for Bellcore.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Changing picture: cable-TV companies are - at last -starting to push into the phone business
Article Abstract:
A few cable-TV companies are pushing ahead to compete in the market for local telephone services. Cable companies have seemed to some observers to be particularly well-placed to provide local communications services, already having networks of wires going into people's homes. Moreover, with upgrading, cable companies' networks could deliver all types of service, including local and long-distance telephone, data and video. Now, some cable operations are actually offering services, and in some cases, they are doing so at prices up to 60% less, compared with local Bell companies. Companies offering telephone services include the following: Cablevision Systems Corp, Comcast Corp, Cox Communications Inc, Jones Intercable Inc, MediaOne Group, Rifkin & Associates, Tele-Communications Inc and Time-Warner Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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News Corp. and an affiliate of TCI set tentative accord to control Primestar
Article Abstract:
News Corp and the United Video Satellite Group, which is an affiliate of Tele-Communications Inc, agree to acquire Primestar Inc in a stock deal valued at $6 a share, or about $700 million. The proposed arrangement could open the way for Australia's News Corp to compete against cable-television operations by entering into satellite broadcasting in the US. Currently, four cable-company investors own about 60% of Primestar, and antitrust regulators have been concerned, saying the cable-TV industry ought not be positioned to control the strategic direction of the competing direct broadcast satellite (DBS) industry. Some industry observers say the Primestar deal will have to be structured such that United Video's ownership stake will not be regarded by regulators as a potential problem.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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