The Bell that would be king: Despite recent setbacks, investors see a brighter future

Article Abstract:

Despite recent setbacks, the Bell Atlantic Corp. stands poised to become a major player in long-distance telephone and high-speed data services. The largest of the Baby Bells, the Bell Atlantic Corp., last month lost out on its bid to acquire Airtouch Communications, a leader in cellular communications. This setback, along with AT and T's recent agreement with Time Warner to deliver local phone service over cable television lines in Bell Atlantic's home turf, should spell trouble for the Baby Bell. However, Bell Atlantic is still in a commanding position in both local telephone, cellular and high-speed data transmision. This position has prompted investors to bid up its stock price by 10%. Analysts are calling Bell Atlantic one of the leaders in the premier growth industry in the United States, telecommunications.

United States, Communication services, not elsewhere classified, Other Telecommunications, Teleconferencing, Services, Bell Atlantic Corp., BEL, Company services, Telecommunications Industry

---

A local phoone company aims high

Article Abstract:

Frontier Corp's CEO, Joseph P. Clayton, hired in 1997, has already made a difference. Previous to 1998, Frontier, which changed its name from Rochester Telephone in 1995, had not matched its quarterly earnings expectations in two years, but in each of this year's first two quarters, the company's targets were exceeded by a penny a share. Clayton's mission is to revitalize Frontier and sell it. Frontier would probably be primarily attractive to a bigger company because of Frontier's 1996 acquisition of part of a fiber-optic network being built by Qwest Communications International. Frontier's local operations are problematical. Industry observers say a foreign carrier would be the most probablebuyer, but a foreign carrier might not want to operate a local telephone company in Rochester.

Mergers, acquisitions and divestments, Company acquisition/merger, Company analysis, FRO, Frontier Corp., Clayton, Joseph P.

---

Similar abstracts:

• Abstracts: 2 corporate cultures meet in MCI-Worldcom merger. MCI and Worldcom set for Telefonica alliance. MCI-Worldcom match: How they'll fit, or won't
• Abstracts: A big western Bell rides east to buy Connecticut phone company. In phoneland, it gets lonely at the middle
• Abstracts: Duke case parties regroup. Forensics: cheques, lies, videotape and nappies. Arthur Andersen faces a future competing with its offspring
• Abstracts: A 'practical' solution; F.C.C.'s give and take in SBC-Ameritech merger deal. Sprint in plan to enter local phone market
• Abstracts: More jockeying to pare back Microsoft suit. Ally or foe? A complaint of Microsoft. Spyglass, a pioneer, learns hard lessons about Microsoft

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.