Nynex unplugs its raucous image, dials new number; revamped utility still faces economic, competitive, regulatory obstacles

Article Abstract:

Nynex Corp has gone through some fundamental changes in recent months to improve its image and become more competitive after a number of damaging events including a disastrous audit, a criminal indictment and a strike. However, these improvements may not be enough in the face of growing government regulation, increased competition and a slow-moving Northeast economy. Nynex has taken steps to reduce its workforce and its overall costs, selling unprofitable units and holdings. It also separated its telephone service and unregulated units to ward off accusations of lax ethical practices. New television advertisements and customer outreach programs seem to be successfully changing consumer perception of the company. Nynex and other Baby Bells are hoping to earn the freedom to enter new markets such as long-distance service, manufacturing and cable television to remain competitive.

Prepackaged software, Management, Laws, regulations and rules, Profits, Customer service, Cost control, Strategic Planning, Competition, Government Regulation, Marketing Strategy, Cost Reduction, Reorganization, Profit, Financial Stability, NYNEX Corp., NYN, Work Force Reduction

---

MCI-British Telecom venture is closer to launch; technical hurdles remain

Article Abstract:

MCI Communications Inc's joint venture with British Telecommunications PLC to provide international telecommunications services is stymied by phone equipment incompatibility among countries. The alliance involves British Telecom's purchase of 20 percent of MCI for $4.3 billion. MCI intends to apply the money towards its development of multimedia technology. MCI plans to form alliances and invest in the development of sophisticated applications for telecommunications, involving high-capacity networks, and the local distribution of telecommunications services. The challenge of the joint venture is to integrate the technologies of each business, since they presently employ network-management software systems that are incompatible.

Joint ventures, British Telecommunications PLC, Multimedia systems, MCI Communications Corp., MCIC, Telecommunications Service, Multimedia Technology

---

Similar abstracts:

• Abstracts: Cray Research tries to adjust to a harsh new world: supercomputer maker wrestles with intense competition, weak economy
• Abstracts: N.V. Philips to eliminate 10,000 jobs; new chief puts '90 deficit at $1.07 billion, vows to hold computer unit
• Abstracts: NCR to unveil its new parallel processor today. NCR expected to announce line's redesign; product changes to reflect sweeping commitment to Intel Corp.'s chips

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