Sprint may sell or spin off burgeoning cellular line; move would be gamble, with firm emphasizing new wireless services

Article Abstract:

Sprint Corp is looking into the multi-billion dollar sale or spinoff of its profitable cellular business to increase its efforts on new personal communications services (PCSs), which many consider a gamble. Sprint, along with three large cable partners, have already invested $2.1 billion for federal licenses to offer a wireless, national PCS in competition with cellular services. By indicating it may sell outright or spinoff its cellular business, which amounts to $200 million in revenue at a 60% growth clip each year, Sprint is moving toward PCS. A spinoff could fetch a market value of over $4.5 billion to shareholders and seems the company's most likely option. Selling the cellular business could bring in nearly $5 billion, but means the company would have to pay a hefty federal capital gains tax. Sprint says it hopes to reach a decision by the end of Jul 1995.

Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Management, Cellular telephones, Wireless telephones, Cellular telephone services, Telecommunications systems, Sprint Corp., Smart phone, Smart phones, Personal communications services, Company Business Management, Company Operations

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Lucent, in big expansion move, opens network-management center for clients

Article Abstract:

Lucent Technologies has opened a network management center in Denver, CO, as part of an effort to expand beyond its core equipment business. Lucent hopes the new Network Reliability Center (NRC), which serves phone company clients, will help the company's network management services business reach $500 million in annual revenue by the year 2000. The telecom equipment and software giant plans to build additional centers to meet growing market demand for its services. ICG Communications and WinStar Communications are two communications carriers who said they have begun using the Internet service. NRC features giant video screens that connect to monitoring equipment, which checks a range of functions in carriers' networks. NRC can handle a network with up to 600 switching centers.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Telephone services, Lucent Technologies Inc., LU, Company service introduction, Service introduction, Company business planning

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