Abstracts - faqs.org

Abstracts

Business, general

Search abstracts:
Abstracts » Business, general

MCI reports rise in profits and plan for a 7% staff cut

Article Abstract:

MCI Communications announces a 21% increase in earnings for the 2nd qtr 1995 and a restructuring that involves laying off 7% of its employees. The MCI Telecommunications Corp subsidiary will now house all telephone-related businesses. MCI believes that isolating the telecommunications services will force Wall Street to recognize their value. MCI continues in its effort to offer nationwide cellular service by acting as a reseller for other companies' air time. Alliances with BellSouth, GTE, McCaw Cellular, Frontier and New Par, the joint venture of Cellular Communications and Airtouch Communications, will allow MCI to focus on marketing and avoid the necessity of buying hardware and bidding for frequency licenses. Along with the territory gained in MCI's previous acquisition of Nationwide Cellular Service, these agreements will allow MCI users access to the country's top 100 markets and three-quarters of the population. As a reseller, MCI increases its profits by as much as 30%.

Author: Holusha, John
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
Management, Services, Cellular telephones, Wireless telephones, Company restructuring/company reorganization, Reorganization and restructuring, Smart phone, Smart phones, MCI Communications Corp., Company Business Management, Company Operations

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Top British wireless carrier joins battle to acquire Airtouch

Article Abstract:

Vodafone Group, Britain's largest wireless communications company, has announced their intentions to open talks with Airtouch Communications management for acquisition of the company. However, Airtouch is currently negotiating with Bell Atlantic Corporation and has already been offered $45 billion in a stock swap for the company. Vodafone's interest in Airtouch could force Bell Atlantic to up their offer, resulting in a bidding war; or as some experts predict, the companies could enter into a three-way negotiation whereby Bell Atlantic could acquire domestic operations and Vodafone European operations. Negotiations are still underway.

Author: Holson, Laura M.
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Mergers, acquisitions and divestments, Bell Atlantic Corp., BEL, Vodafone Group PLC, AirTouch Communications Inc., ATI, Telecommunications Industry

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Assessing a big fish in a deepening pond

Article Abstract:

New global excitement over fixed-wireless technology has increased attention on Winstar Communications and it's stock gain of 38.8% this year. The technology links clients to high-speed telecommunications systems without the bother of fiber optics or T-1 lines. Winstar has posted losses for the past 5 years; much of debt load has been spent building its network. The pros and cons of investing in Winstar, lately at $54 a share, are heightened by the possibility that the company is looking for an acquirer.

Author: Leder, Michelle
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
COMMUNICATION, Communications, Broadcasting and Telecommunications, Financial analysis, Wireless communications, Technology development, Securities, WinStar Communications Inc., WCII, Wireless communication systems, Company securities

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Telecommunications services industry, Telecommunications industry, Wireless communications services, United States
Similar abstracts:
  • Abstracts: Microsoft's legal problems grow as states join in antitrust effort. Appeals court reinstates Microsoft antitrust settlement
  • Abstracts: Facing early losses, some Web publishers begin to pull the plug; too many companies vie for too few customers and advertising dollars; 'reality hits the Internet'
  • Abstracts: Auto parts (original equipment). part 3
  • Abstracts: European diversified industry. part 2
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2023 Advameg, Inc.