EU panel starts probe of venture of BT, AT and T
Article Abstract:
A British Telecommunications PLC and AT and T Corp joint venture is the subject of an antitrust investigation by the European Commission. The EU antitrust authority expressed concerns about the companies' market shares in global telecom services to multinationals and carrier services to other telecom operators. Another major concern was BT's dominance or near dominance in some UK services. The possibility that AT and T subsidiary ACC Corp could coordinate activities with BT and Telewest Communications PLC was also a concern.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Telekom says a merger may be key to strategy
Article Abstract:
Deutsche Telekom AG CEO Ron Sommer said the company was considering a strategic acquisition or merger to avoid being acquired up by a foreign company. The German government is still the majority owner of Telekom, and is anxious to prevent large companies' headquarters from being moved abroad. Telekom has no specific merger or acquisition target in mind at the moment, a company official said.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Verizon labor talks extend past deadline for strike
Article Abstract:
Verizon Communications' labor negotiations with two labor unions went beyond the midnight strike deadline on August 6, 2000. Verizon's 85,000 workers are threatening to go on strike in what would be one of the largest walkouts in recent times.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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