AT&T boss cables the future

Article Abstract:

AT&T CEO Mike Armstrong, who is on its second year as CEO of the long distance phone provider, is putting emphasis on using cable lines to deliver Internet access as well as phone and television services to customers. Armstrong's strategy, which aims to expand AT&T's operations beyond its long-distance business, calls for the creation of a grand alliance among cable operators. AT&T already reached a deal to buy Tele-Communications Inc., the largest cable operator in the US, for $32 billion. In addition, the company expects to reach marketing alliances with cable companies, Comcast and Cox Communications.

Comment:

Its CEO Mike Armstrong focuses on using cable lines to deliver Internet access & phone & television services to customers

Executive changes & profiles, AT&T Corp.

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For US West, size isn't everything

Article Abstract:

US West shareholders agreed to divide the company into two, MediaOne Group and US West, despite the increasing consolidation activity in the telecom industry. MediaOne, the cable operation, has over $6 billion in domestic and international revenue, whereas US West, the group's local phone, wireless and data carrier, has $13 billion in revenue. CEO Solomon Trujillo asserted that the company does not consider size as the measure of success. He adds that the telephone and cable unit, which has a different set of technology, economic and policy, will expand better if isolated.

Comment:

US West shareholders agree to separate MediaOne Group from US West

Communications, Broadcasting and Telecommunications, Cable Television Systems, Cable Networks, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Telecommunications industry, Cable television broadcasting industry, Cable television, MediaOne Group Inc., US West

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GTE, Bell Atlantic boards tangle deal

Article Abstract:

GTE Corp.'s proposed $53-billion merger with Bell Atlantic will likely involve paring their existing number of board directors. Their combined directors total 35, GTE has 13 directors while Bell Atlantic has 22 directors, in contrast to the average 13 members of Fortune 500 corporate boards. Smaller boards are ideal because of their manageability and the relative speed by which they could decide and act on corporate issues. Under their merger agreement Bell Atlantic and GTE will have and equal sharing of the board seats.

Comment:

Its $53-billion merger with GTE Corp will likely involve paring their existing number of board directors

Strategy & planning, Bell Atlantic Corp., GTE Corp.

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