Abstracts » Business, general

Verizon halts request to offer long-distance in Massachusetts

Article Abstract:

Verizon Communications cancelled plans to offer long-distance phone service in Massachusetts days before it was expecting a rejection of the plan from the Federal Communications Commission. There are still questions about rival telecommunication companies' troubles getting service from Verizon for digital subscriber lines, companies that depend on cooperation from the phone giant. FCC head William Kennard wants Verizon to address these standards as well as pricing and access.

Wired Telecommunications Carriers, Long Distance Telephone Svc, Telephone communications, exc. radio, Massachusetts, Laws, regulations and rules, Product/Service Evaluation, United States. Federal Communications Commission, Digital Subscriber Line, DSL (Digital subscriber line), Long distance telephone services, Company service review

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BT, AT&T consider combining units to form a separately listed company

Article Abstract:

British Telecommunications and AT&T are considering the expansion of their Concert venture as well as a combination of other telecommunications services. BT is considering radical reorganization to deal with 28 billion pounds in debt with an issue of $8.39 billion in rights. AT&T may acquire Concert as BT considers breaking into 2 companies. The merger of business-related services could include Ignite, BT's European and British telecom services into a valued company worth as much as $100 billion. Meanwhile, Moody's Investors dropped BT's rating to A2.

United Kingdom, Europe, Alliances, partnerships, Joint ventures, T, British Telecommunications PLC, Company joint venture, AT and T Corp., Concert

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Verizon effectively rebuilds network for NYSE

Article Abstract:

Days after the attack on the World Trade Center, Verizon Communications managed to rebuild the data and phone lines for the New York Stock Exchange's Monday opening. Of the NYSE's 15,000 communications' lines, 14,000 had been restored. Of the 3.5 million data circuits in the building, around 1.4 million were working. Still, about 12,000 businesses and 160,000 residences, Verizon customers, are still out of service, even those next to the NYSE. Most cellphones were working, albeit in heavy traffic. Immediately after the attack, Verizon focused on services involving rescue work. Company president Ivan Seidenberg reported that they haven't even begun to calculate costs to the company.

Securities and Commodity Exchanges, Security and commodity exchanges, New York, New York Stock Exchange, Management, New York Stock Exchange Inc., Company services, Seidenberg, Ivan

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