AT&T discounts signal a national price war

Article Abstract:

AT&T announces an aggressively-priced local-telephone market pricing plan for customers in the Illinois market that is presently dominated by Ameritech. AT&T will provide any of its new local customers in the region with three months of free local-toll calls and the promise of extensive long-term discounts on local and long-distance rates. The move is intended to deter smaller phone companies and RBOCs from competing too aggressively in the long-distance market, the segment of the telecommunications market that AT&T has long controlled. AT&T officials suggest that the company will attempt to provide better prices and services than its competition in each of the markets it is entering. As deregulation brings an increasing number of entrants into the local, Internet and long-distance markets, companies are more likely to offer comprehensive service bundles to their customers.

Wired Telecommunications Carriers, Telephone Communications, Prices and rates, Marketing, AT&T Corp., T, Telephone services, Company marketing practices, Local telephone services, Company pricing policy, Local telephone service

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WorldCom has loss, but revenue soars

Article Abstract:

WorldCom reported a 1st qtr 1998 loss of $409.1 million, or 41 cents a diluted share, but revenue and traffic from its local, long-distance and Internet units surged. The telecommunications company's charges of $602 million, or 59 cents a share, included $429 million, or 42 cents, for research and development projects at two recent WorldCom acquisitions, the network services of America Online and CompuServe. Acquiring Brooks Fiber and retiring its high-yield debt accounted for $44 million and $129 million respectively. WorldCom's net income would have totaled $193 million, or 18 cents a share, without the charges. By comparison, the First Call consensus of analysts had projected per-share profits of 17 cents. Revenue improved to $2.35 billion, a 38% increase over the 1st qtr 1997's $1.7 billion.

Telecommunications, Finance, WCOM, Company sales/revenue, Company sales and earnings, Company losses, MCI Inc.

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