NEW YORK-Lucent Technologies Inc. launched itself into the public equity market last Thursday with an initial public offering of more than 112 million shares of common stock priced at $27 per share, reportedly the largest IPO in U.S. history. At the end of the...
"The Internet is the killer app!" declared futurist George Gilder at the Wireless Apps '95 show hosted by the Cellular Telecommunications Industry Association last fall in Las Vegas.He was referring to the long-sought application for wireless data-a Holy Grail of sorts-that would be so...
First wedding of Baby Bells has many eyes on their siblings ... Ameritech sees no value in mergers ... BellSouth says plans unchanged in wake of SBC-PacTel deal ... U S West not seen bidding for PacTel ... SBC-PacTel deal whets industry appetite for...
If London-based Cable & Wireless plc and British Telecommunications plc merge, the new enterprise could descend upon an auspicious Asian market and create a shake up among globally-footed wireless giants."This whole merger move is based on a wireless view of the world, because East...
WASHINGTON-Commerce Secretary Ron Brown, an aggressive promoter of telecommunications abroad and a strong advocate of minority advancement in high technology, was among the 35 passengers killed last week in a plane crash off the Croatian coastal city of Dubrovnik.Brown was escorting American business executives...
DALLAS-As thousands of wireless industry comrades flocked to Dallas last week for the Cellular Telecommunications Industry Association's Wireless '96 trade show, so did their enemies-criminals seeking a cloning rendezvous. Anticipating a surge in fraud activity, AT&T Wireless Services Inc. and local law enforcement launched...
California Microwave Inc. announced it is expecting earnings per share for its 1996 fiscal year third quarter ending March 31 to be in the range of 5 cents to 10 cents as a result of lower than projected bookings and related sales in its...
STAMFORD, Conn.-GTE Corp. has announced it intends to get a foothold in the Brazilian cellular phone market through an alliance with a Brazilian investment group and a Brazilian equipment manufacturer.The trio has its eyes on one of the B-band cellular licenses the Brazilian government...
BELLEVUE, Wash.-Nippon Telephone and Telegraph and AccessLine Technologies organized a venture to bring one-number services to Japan's personal communications services market.One Number Service Inc. is being launched by the two companies as well as AT&T Corp., France Telecom, several NTT subsidiaries, Korea Telecom, Korea...
DALLAS-As thousands of wireless industry comrades flocked to Dallas last week for the Cellular Telecommunications Industry Association's Wireless '96 trade show, so did their enemies-criminals seeking a cloning rendezvous. Anticipating a surge in fraud activity, AT&T Wireless Services Inc. and local law enforcement launched...
WASHINGTON-"Let's not fool ourselves-the number one issue is money," said Carl Thompson, the new president and chief operating officer of Vienna, Va.-based North American Wireless Inc., who pulled no punches as to what it will take for the small business or entrepreneur to participate...
Toll Free Cellular is rapidly building a profitable business by marketing its #800 number service to the businesses cellular users want most to but are least likely to call because of airtime charges.The Seattle-based company introduced its #800 number service in the greater Seattle...
Last month's passage of the Telecommunications Act of 1996 heralds the industry's most fundamental structural change since AT&T Corp. was split up in 1984. Traditional barriers separating industry sectors are crumbling. Wireless will play a key role in the industry's transformation. While few provisions...
NEW YORK-While wireless enterprises pose risks for and depress the credit ratings of their parent telecommunications companies, they also expand the overall market to the benefit of both entities, according to Frank Plumley, a director of Standard & Poor's Corp.Prompted by accelerating competition and...
Ron Boillat is now vice president of sales and Lee Sarbo has been named director of sales for the Eastern region at Frontier Cellular, the wireless subsidiary of Frontier Corp. Boillat joined Frontier in April 1995 with 14 years experience in the telecommunications industry....
Like parallel rails that run straight into the distance but seem to touch at the horizon, wireless telecommunications and mobile computing have each made great strides into the future. Now leading companies from both sectors are working together to make sure their convergence is...
NEW YORK-Wireless links may play a crucial role for long-distance, regional Bell operating companies and cable TV firms seeking competitive advantage in the newly deregulated landscape.Deregulation is occurring in an environment of technological convergence of voice, data and video communications, said speakers at "The...
In Chicago, where cellular penetration is highest and rates are lowest among the nation's 10 most populous markets, Ameritech Cellular Services and SBC Communications Inc. are fighting it out for customers.And competition stands only to intensify once challengers in personal communications services, including the...
U S West Inc.'s board of directors has declared a regular, quarterly dividend of 54 cents per share on the common stock of U S West Communications Group. U S West said the dividend is payable May 1 to shareholders of record of U...
SCOTTSDALE, Ariz.-Eighty-two percent of business cellular subscribers want a single wireless handset that can be used as an office phone indoors and as a mobile phone outdoors, concludes a two-year study conducted by Alexander Resources Inc.Alexander said the biggest threat to cellular and personal...
NEW YORK-The total number and dollar volume of mergers and acquisitions in the global telecommunications market reached an all-time high in 1995, according to a report by Broadview Associates L.P. of Fort Lee, N.J.Cable and wireless transactions accounted for 69 percent of this activity...
After discontinuing a five-year relationship with AT&T Corp., HighwayMaster Corp. has formed a new alliance with GTE Corp. and continues to work with IEX Corp. to revamp its network platform.Dallas-based HighwayMaster's mobile communications and fleet information management system operates nationwide using existing cellular infrastructure...
After discontinuing a five-year relationship with AT&T Corp., HighwayMaster Corp. has formed a new alliance with GTE Corp. and continues to work with IEX Corp. to revamp its network platform.Dallas-based HighwayMaster's mobile communications and fleet information management system operates nationwide using existing cellular infrastructure...
In Chicago, where cellular penetration is highest and rates are lowest among the nation's 10 most populous markets, Ameritech Cellular Services and SBC Communications Inc. are fighting it out for customers.And competition stands only to intensify once challengers in personal communications services, including the...
