Global's CEO has wealthy appetite for deals

Article Abstract:

Global Crossing, a Bermuda-based telecommunications firm, will merge with regional phone carrier US West for $37 billion. The proposed merger will create a windfall for Global CEO Robert Annunziata, who only joined the company on Feb 22, 1999. The 50-year-old Annunziata is expected to earn $135 million from his 2.3 million stock options based on a change of control agreement he signed when he joined the company. However, the earnings will only be received upon completion of the deal.

Acquisitions & mergers, Bermuda, Global Crossing Ltd.

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SBC scales back plans for local telephone service

Article Abstract:

SBC Communications Inc has decided to reduce the coverage of its expansion plan due to a slowdown in the US economy and its failure to acquire federal approval to offer long-distance throughout its territory. The expansion plan was supposedly geared towards offering local telephone service outside its 13-state region. However, the company still intends to accept new customers for its voice service, not for long distance or Internet.

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AT and T to package wirless, long-distance

Article Abstract:

The author examines marketing plans for AT and T Wireless Services Inc. Topics include developing partnerships, marketing management, and new service announcements.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Long Distance Telephone Svc, Services introduction, New Products/Services, Telephone communications, exc. radio, Partnerships, Marketing Management, Administration of Marketing, Planning, Product introduction, Telecommunications services industry, Telecommunications industry, Long distance telephone services, Communications industry, Partnership, Company service introduction, Service introduction, Long-distance telephone service, AT&T Wireless Services Inc., Company business planning, AWE

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