Strike begins to squeeze Nynex
Article Abstract:
Nynex Corp, one of the Bell regional holding companies, is beginning to feel the effects of a three-month-long strike by two unions representing 60,000 telecommunications workers. The company owns New York Telephone and New England Telephone, providing service to Northeastern states. Private telephone service has been reduced because Nynex cannot install new lines quickly enough to meet demand, and a number of Nynex's corporate clients are investigating competing telephone service providers. Nynex believes that it can weather the strike for at least a few more months before the company begins to have serious financial trouble. Analysts are reducing earnings estimates and questioning whether Nynex's corporate clients will return after the strike is over, especially in New York where private telecommunication firms abound. The strike concerns wages and medical benefits.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
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U.S. suspends a phone company from bids for government work
Article Abstract:
The US Department of the Treasury bans Bell Atlantic Corp from doing business with the government, saying one of Bell Atlantic's subsidiaries included 'misleading information' in a bid for a $100 million contract. The Treasury's ban against Bell Atlantic and its Chesapeake and Potomac Telephone Company is one of the most severe actions ever taken against a telephone company. The government, which is overhauling antiquated communications systems, is a major customer for communications equipment, and government contracts have been a source of bitter struggle between AT&T and Bell companies, which have protested almost every federal telephone contract. The result is that the Treasury's new voice-and-data system, meant to provide links among all Treasury offices in the Washington area, is much delayed. Bell Atlantic is barred from all contracts pending an investigation.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1990
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The Baby Bells scramble for Europe
Article Abstract:
The Bell regional holding companies have ambitions to grow internationally, being frustrated with US government regulations that cut their growth in many businesses and limit their rates of return on local service. The privatization of British Telecom in 1983 and the upcoming unification since then have produced major changes in the telephone industry. Countries that want the best products and telecommunication services at cheaper prices are opening their markets to competition. Besides telephone services, regional Bell companies will be extending their information services, which they have been barred from at home. A closer look at individual regional Bell companies, such as Pacific Telesis, Nynex and BellSouth, and their international activities, are included.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
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