Phone company growing rapidly

Article Abstract:

Century Telephone Enterprises Inc is worth more than $1 billion and had a profit increase of 20 percent in 1991, making it stand out among telephone companies that struggle to achieve single-digit profits. Century's strategy has been to invest in the cellular telephone business and its operation will likely break even by the qtr ending in Jun 1992. This is due to Century's purchasing rural cellular properties rather than more-expensive urban ones, giving the firm the fees for out-of-city use. Century also operates a conventional telephone system that it has expanded through acquisition and internal growth. It also is focused outside of urban areas. Stock analysts disagree about Century's current stock appeal, torn between its potential and its price of 29 times its earnings. Analysts are most excited about Century's cellular prospects, which they anticipate will account for 25 percent of its revenue in 1993, making it a good choice for long-term stock accumulation.

Communication services, not elsewhere classified, Management, Services, Cellular telephones, Wireless telephones, Column, CTL, Growth (Physiology), Market share, Growth, Market Analysis, Mobile Phones, Stock, Century Telephone Enterprises Inc., Cellular radio

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Phone customers overpay, consumer group contends

Article Abstract:

The Consumer Federation of America charges the seven regional Bell holding companies with overcharging telephone customers a total of $30 billion since the 1984 breakup of AT&T. The consumer group claims that the phone companies overcharged ratepayers and used the money to re-invest in lightly regulated businesses such as information services. The money could have been spent on reducing the costs of telecommunications. The phone companies' lightly regulated investment businesses include $2 billion in investments by Bell Atlantic and Ameritech in the New Zealand telephone company and US West's ownership of $1.6 billion of office space that has been depreciating in value since the recession. The phone companies generated revenue of $100 billion in 1990.

Investments, Customer service, Consumer behavior, Regional Bell Operating Companies, Investigations, Financial Analysis Software, Pricing Policy, Bell Regional Holding Companies, Consumer Federation of America, Investigation

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Regulators are urged to cut New York Telephone's rates

Article Abstract:

The New York State Consumer Protection Board is petitioning the Public Service Commission to reduce New York Telephone's rates by $212 million and freeze that level until Dec 1993. New York Telephone is one of the largest local carriers in the US and functions as a government regulated monopoly, with restrictions on the amount of profits it can earn. The Commission had granted a $250 million increase in 1990, despite the consumer board's protests. The consumer board now contends that the carrier earns too much profit because there are lower labor costs from recent layoffs, lower taxes and a drop in the cost of borrowing money. New York Telephone reported revenue of $7.6 billion in 1991.

Telephone and telegraph apparatus, Laws, regulations and rules, Political activity, Public service commissions, Revenue, Government Regulation, Price, New York Telephone Co., New York (State). Consumer Protection Board, New York. Consumer Protection Board

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