AT&T accelerates plans for local service in U.S

Article Abstract:

AT&T Corp. plans to provide local telephone service to millions of consumers in the U.S. through cable lines it acquiring as part of its purchase of TeleCommunications Inc. AT&T plans to spend $2 billion more than it anticipated to upgrade TCI's cable lines so that can provide local, internet and advanced video services by the end of the year in 10 markets. AT&T says it has signed seperate agreements with five cable companies that will add five million potential customers. AT&T currently provides long-distance phone service to roughly 65 million customers.

Strategy & planning, Planning, T

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AT&T and BT to appoint managers of joint venture

Article Abstract:

The $10 billion global joint venture formed by British Telecommunications PLC and AT&T Corp. has decided on a new management team. Executives from both companies have been meeting to coordinate the terms of their new partnership. Industry analysts anticipate a series of global investments and acquisitions by the partnership. BT and AT&T, which are expected to focus on expanding into the Asian and Latin American telecom markets, have announced the acquisition of a 30% equity stake in Japan Telecom Company Ltd.

United Kingdom, Japan, Asset sales & divestitures, Acquisitions & mergers, Wired Telecommunications Carriers, Telephone Communications, Executive changes & profiles, Mergers, acquisitions and divestments, Telephone services, British Telecommunications PLC, Japan Telecom Company Ltd.

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Winstar seeks bankruptcy aid, sues Lucent

Article Abstract:

Winstar Communications Inc. has filed for bankruptcy under Chapter 11 protection. The company has also sued Lucent Technologies Inc. for alleged being responsible for Winstar's inability to pay an important interest payment.

Legal issues & crime, Organizational history, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Cases, Finance, Telecommunications equipment industry, Telecommunications systems, Lucent Technologies Inc., WinStar Communications Inc., WCII, LU

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