AT&T and BT make an $11 billion leap of faith in alliances

Article Abstract:

AT&T Corp. and British Telecommunications PLC (BT) have agreed to form a joint venture to provide low-cost voice, data and video services to multinational customers that is expected to generate annual operating profit of $11 billion. The partnership is expected to renew AT&T's commitment to expand in the world market while simultaneously providing BT more strength to enter into new overseas markets. Industry analysts, however, expects the alliance to meet antitrust regulation-related concerns from the US and the European Commission as what happened with MCI Communications Corp.'s merger with Worldcom Inc.

Comment:

Agrees to form JV w/ AT&T to provide low-cost voice, data and video svcs to multi-natnl customers

United Kingdom, Joint ventures, Specialized Telecom Services, Internet services, AT&T Corp., British Telecommunications PLC, Article

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SBC Communications to launch phone-service package in U.S

Article Abstract:

SBC Communications Inc. will launch telephone service "bundles" in the US that will present strong competition for AT&T Corp.'s similar services. The company stated that it would start providing discounted Internet and entertainment and local phone services to Fremont, California and Dallas, Texas consumers. AT&T has targeted its own bundled phone services for these two markets.

Services introduction, Services, AT&T Inc.

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Price worries drive Sprint shares lower

Article Abstract:

Sprint Corp. saw its share value drop by 8.3% due to concerns raised by analysts about pricing pressures in the company's long-distance operations. One analyst lowered Sprint's earnings forecast due to lower long-distance expectations. The company's share value ended at $45 (42.21 euros) per share on August 20, 1999. This was a fall of $4.0625.

Securities prices, Securities, Sprint Corp.

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