Telephones without wires: the future of the industry

Article Abstract:

Pacific Telesis Group will split into a $9 billion traditional telephone company and a $1 billion cellular business. Sam Ginn, currently chairman and CEO at Pacific Telesis, will head the cellular business, tentatively called Pactel Wireless. Ginn will be succeeded by Philip Quigley, who will remain president and CEO at Pacific Bell. Pacific Telesis will continue to operate under restrictions imposed by the 1984 breakup of the Bell system, but Pactel Wireless will be free to manufacture equipment or to create a joint venture with an equipment maker. Pacific Telesis's news was announced on Friday, Dec 11, 1992, and on Monday, the company's stock closed up 50 cents a share, at $44.876, a 52-week high. An industry analyst says he is surprised that the market's reaction has not been more positive.

Holding companies, not elsewhere classified, Appointments, resignations and dismissals, Outlook, Strategic Planning, Stock, Pacific Telesis Group, Ginn, Sam L., Quigley, Philip

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New Jersey backs fiber-optic system

Article Abstract:

New Jersey's State Board of Regulatory Commissioners approves a $1.5 billion plan by New Jersey Bell Telephone Co to replace New Jersey Bell's existing networks with a fiber-optics infrastructure by the year 2010. Such an arrangement would provide the phone company's customers with access to information services and would allow interactive communications, so that new kinds of services would be possible. For example, two-way connections could be established between physicians and patients or between teachers and students. In exchange for regulatory approval, the phone company agrees to a seven-year freeze on basic residential rates and on charges for two services that target low-income customers. Increases for other services continue to be subject to review by the state board.

New Jersey, Telecommunications systems, Fiber optic networks, Fiber optics, Networks, Telecommunications, Verizon New Jersey Inc.

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Regulators approve Nynex reorganization

Article Abstract:

The New York State Public Service Commission rules in favor of a Nynex Corp plan outlining a proposed reorganization. The plan comes in response to 1990 accusations against Nynex involving inappropriate charges for services and equipment. Nynex itself has denied any wrongdoing. New York State regulators are nevertheless concerned: the fear is that Nynex might overcharge its telephone customers in order to subsidize its non-telephone businesses. The planned reorganization would establish a barrier between Nynex's telephone business and the company's various other interests.

Prepackaged software, Cases, New York, New York (State), NYNEX Corp., NYN, New York (State). Public Service Commission, New York. Public Service Commission

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