New York step asked on Nynex; a phone divestiture will be considered

Article Abstract:

William J. Cowan, general counsel for New York State's Public Service Commission, recommends that the agency consider forcing Nynex Corp, which is the subject of investigations concerning possible unethical practices, to divest itself of the New York Telephone Co. State officials assert that unethical practices at Nynex could force up consumers' telephone bills. According to Cowan, divestment would insure that New York Telephone's customers would not suffer high rates because of abuses by Nynex. The commission authorizes a study of the proposal, which means that the state inquiry into Nynex's business practices will be broadened. The commission is conducting a hearing on New York Telephone's request for a $1.35 billion rate boost, or an average of $11.14 per month per residential user.

Laws, regulations and rules, Prices and rates, Investigations, Testimony, Regional Bell Operating Companies, Divestiture, Divestment, New York (State), Government Regulation, NYNEX Corp., Bell Regional Holding Companies, NYN, New York Telephone Co., New York (State). Public Service Commission, New York. Public Service Commission, Cowan, William J.

---

A weak outlook for phone giants

Article Abstract:

AT and T, MCI Communications Corp and United Telecommunications Inc face difficult times in 1991, with analysts forecasting less long-distance telephone calling in a recessionary economy. The stocks of the three major long-distance carriers fell in 1990, with AT and T shares falling 34 percent, MCI shares falling 55 percent and US Sprint shares falling 39 percent. Analysts see a decrease in long-distance calls, marketing expenses and the possibility of a price war as potential threats to the economic stability of the carriers. Industry observers note that the long-distance industry growth will be around seven percent for 1991, as compare with 12.9 percent during the economic boom of the 1980s.

Telecommunications industry, Forecasts and trends, T, Sprint Corp., Forecasting, American Telephone and Telegraph Co., MCI Communications Corp., MCIC, UT, column, Trends, Companies, Financial Stability

---

Similar abstracts:

• Abstracts: At NYNEX, dial N for nightmare. Nynex denies '88 actions raised rates
• Abstracts: For the PC user, vast libraries: and getting the data will be simplified. A maverick scientist gets an I.B.M. tribute
• Abstracts: Equipment drags on A.T.&T.; the phone giant's manufacturing woes cause dismay on Wall Street. U.S. lag in phone trade seen
• Abstracts: A major design shift at Digital. Rating cut on I.B.M.'s debt issues: grading by Moody's lowered two notches
• Abstracts: Computer screen dumping charged. U.S. seeks broad ban on computers. Xerox has new flat screen that could hold a computer

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