Softer outlook for a phone offering

Article Abstract:

France Telecom is planning to diminish it's public offering of its cellular phone division, Orange to $6 billion to $8.5 billion (or 7 billion to 10 billion euros) sometime early 2001, if market conditions are favorable. Orange's CEO, Hans Snook will become an advisor, to be replaced by Jean-Francois Pontal, when the initial offering takes place. France Telecom may buy back $12 billion of its stock to replace that lost in the buying of Orange for $36 billion from Vodafone Group earlier this year. Meanwhile, European investors are increasingly nervous about the enormous debts of telecommunications companies.

France, Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Executive changes & profiles, Securities issued, listed, Management, Cellular telephone services industry, Cellular telephone services, Appointments, resignations and dismissals, Securities, orange, France Telecom S.A., Company securities, FTE, Pontal, Jean-Francois, Snook, Hans, Howe, Graham

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Cutting edge in a backwater; phone company on Isle of Man aims to unite the Internet and wireless

Article Abstract:

The demand for digital wireless technology may have softened in the U.S. and the world, but BT's phone company on the Isle of Man is going to be first at testing Internet-enabled cellular phones. This third-generation (3G) move puts Manx Telecom out in front of the former favorite, NTT DoCoMo. Factors keeping the pace a little slower than originally planned are widespread layoffs in the industry, not enough network in place and a shortage of handsets.

Innovations, Internet, Wireless communications, Wireless communication systems, Isle of Man, Wireless technology, Manx Telecom Ltd.

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British Telecommunications encounters two setbacks; directory rates cut and debt is downgraded

Article Abstract:

Shortly after British Telecommunicatons announced its plans to spin off its wireless division in order to cut its debt of $43 billion, the telecom concern is faced with two setbacks to its plans. A regulator in Britain imposed a cut in its advertising rates that may put the sale of the wireless division at risk and Moddy's Investor Services lowered BT's credit rating which added almost $42 million to its interest payments.

Strategy & planning, Planning, Company business planning

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