Canadian and British giants in telecommunications deal
Article Abstract:
The Canadian telecommunications company BCE Inc formed an alliance with British telecommunications company Cable and Wireless PLC to increase competition with American companies such as AT and T and to expand their global interests. BCE and its subsidiaries serve about 70 percent of Canada's population, but the population is only 27 million people, giving BCE little potential. Competition has also increased from both Canadian and US companies. With the agreement, BCE can sell more to the British long-distance carrier Mercury, of which it will acquire 20 percent from Cable and Wireless as part of the agreement. Also, Cable and Wireless could switch some of its North American traffic from US companies to BCE. Wall Street hardly reacted to the agreement with BCE's shares dropping 12.5 cents to $34.375 and Cable and Wireless' American depository receipts rising 12.5 cents to $30.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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U.S. seeks to ease technology sales in Eastern Europe; computers for Soviets; business interests urge even freer commerce - some in Pentagon opposed
Article Abstract:
The Bush administration has proposed to relax export controls on advanced technological products to Eastern Europe and the Soviet Union. Business leaders in the computer and communications industries have expressed concern that current export controls are limiting overseas markets for products such as computers and communications equipment. Members of the House Foreign Affairs Committee, who are expected to draft legislation that will liberalize export controls, have expressed that the administration's proposals do not go far enough. Some Pentagon officials are concerned that the technology transfer may have military applications for the Soviet Union. The Coordinating Committee on Multilateral Export Controls (Cocom) will review the administration's proposal in Jun 1990.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1990
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Mosbacher backs Soviet fiber-optic cable
Article Abstract:
Secretary of Commerce Robert A. Mosbacher supports U S West Inc's plans to lay a fiber-optic communications cable across the USSR if certain conditions are met. Mosbacher's approval must be received because the Commerce Department and the Pentagon must approve all export licenses that concern high technology. Concern has arisen that the link could be used for military communication as well as telephone communication. U S West's proposal is seen as a test case for potentially relaxed standards by the US and its allies in the Coordinating Committee for Multilateral Export Controls (COCOM).
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
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