AT&T, BT plan global hookup valued at $10B

Article Abstract:

AT&T and British Telecommunications (BT) announced that they will consolidate their international businesses in a deal that will form a $10-billion company. The company, which will be a considerable competitor in the international telecommunications market, will offer international voice and data services. The venture will be a cheaper and more dependable option to state-operated telephone companies. AT&T and BT stated that the unnamed company, which also intends to provide a new high-speed network that employs Internet technology, will generate $10 billion in income and $1 billion in earnings by the year 2000.

Comment:

Announces that it will merge its intl business with that of AT&T in a deal that will form a $10-bil firm

United Kingdom, Alliances, partnerships, Intnl Telephone Service, British Telecommunications PLC, International telephone services, American Telephone and Telegraph Co., Article

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High Court slams local carriers

Article Abstract:

The Supreme Court has voted 5 against 3 to reaffirm the Federal Communications Commission's right to fix the prices local phone firms can charge competitors for access to their networks. The ruling, written by Judge Antonin Scalia, was made to overturn a lower court's decision that favored local carriers on the issue of so-called "unbundling." MCI WorldCom and AT&T general counsel Jim Cicconi applauded the decision, which would largely benefit telecommunications customers.

Legal issues & crime, Local Telephone Service, Local telephone services

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