With Telecom buying American, will A.T.&T. buy British?
Article Abstract:
Investors are watching if AT&T will buy all or part of Cable & Wireless PLC or Vodafone Group PLC, both British telecommunications companies, following British Telecom's entry into the US market by acquiring a 20 percent stake in MCI Communications. AT&T has been wanting to operate in the UK and an investment in a British telephone company will facilitate its expansion into the country. While AT&T had looked into Cable & Wireless in 1991 and 1992, no deal was negotiated. Cable & Wireless has operations in 50 countries, making it an attractive acquisition; however, it has not invested much in providing global telecommunications services to multinational companies, a field that AT&T is focusing on. Vodafone holds more than 50 percent of the British cellular phone market and its market value is about $7 billion. Both Cable & Wireless and Vodaphone do not seem interested in acquisition possibilities.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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Videophone: a flop that won't die: Why does American industry keep resurrecting its blunders?
Article Abstract:
AT&T spent $500 million on a project to develop and market a videophone in the 1960s, but the device did not sell, and after a time the project was dropped. In the week of Jan 6, 1992, AT&T introduced a new video telephone, which is priced at $1,500. Consumer psychology does not seem to favor a video telephone product. People do not want it. American industry should stop chasing after markets for Edsels. Mistakes such as videotex, two-way interactive cable TV, direct broadcast TV - and video telephones - should not be resurrected.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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