Sprint ready to tap AT&T for PCS pact
Article Abstract:
The Sprint Telecommunications Venture (STV) appears to be on the verge of awarding AT&T Corp and Northern Telecom contracts to build its lucrative personal communications services (PCS), a nationwide wireless network. However, the contracts are likely to prove costly. Motorola remains in the running, but is reluctant to meet STVs financial demands. Although most large telecommunications projects require vendor financing, the STV project is said to be demanding that suppliers finance most of the project's construction, installation, and maintenance. Sprint has maintained that financing this project would not be difficult, but commercial banks were reluctant to finance an upstart project with no customers and no cash flow. The project will be financed with some bank and supplier financing, and, eventually, high-yield bonds. The first phase of the STV project is expected to be completed by the end of 1997.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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AT&T to replace as many as one-third of its operators with computer systems
Article Abstract:
AT&T is planning to replace many of its telephone operators with an automatic phone call operator system that will close 31 offices and shut down more than 25 percent of the company's US operator service centers. The decision could affect 18,000 operators across the US by 1994. The company will definitely cut between 200 to 400 manager positions and between 3,000 and 6,000 operators. The Communications Workers of America union voiced anger with the decision and fears that this is one method of intimidation four weeks before negotiations were scheduled to ensue. AT&T asserts that the system is one more step in a history of modernizing moves beginning with the first direct-dialing long-distance call in 1951. The new system will allow a voice recognition technology system to respond to callers' voices. The system was found to be easy to use after two field tests conducted in the Dallas-Fort Worth area.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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