A phone giant with 2 main extensions; a Nynex understudy to dominant Bell Atlantic
Article Abstract:
The planned merger between Bell South and Nynex eventually became an acquisition by Bell South, despite reassurances that the deal was a combination of equals. Merging the companies required a reorganization of top executives. A list of the company's new one hundred executives includes 52 Nynex executives and 48 Bell South executives. The power shift toward Bell South comes as no surprise to industry experts who consider Bell South to be the more aggressive of the two companies. The merger affects people from Maine to Virginia whose local phone service will now be provided by the new company. New England customers may benefit from the merger, as Bell South customers gave better customer service ratings than Nynex customers did. The new company name will be Bell Atlantic, and it will be based in Nynex's New York City headquarters.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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The coming phone war between city and country; rural callers may pay more in deregulation
Article Abstract:
The FCC has issued a new set of rules that will eliminate subsidies to small phone companies in rural communities. The subsides, which date back to the Great Depression, were set up to ensure that phone service was available in rural areas. The phone companies that will be hardest hit will be those that service both urban and rural areas. Local phone service is marked to eventually loose $18.5 billion in subsides under the new rules. Local operations in completely rural areas that do not provide phone service to urban areas are not likely to have their subsidies completely cut. The FCC has postponed deciding what to do about those situations until 1998. Still, phone service providers in rural areas are nervous about the FCC ruling.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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