LONDON-Cable & Wireless plc announced plans to purchase MCI Communications Corp.'s Internet backbone service business for $625 million, which should help clear the way for the European Commission to approve the proposed MCI-WorldCom Inc. merger.GTE Corp. in early May filed a private antitrust lawsuit...
OXFORD, England-Both Cable & Wireless plc and Telecom Italia have been searching long and hard for an international partner. Now the search may be over. The two operators intend to join forces in a global alliance to strengthen their international operations.Cable & Wireless claims...
Signaling the beginning of a global partnership, Telecom Italia said it will pay $2 billion for minority interests in Cable & Wireless plc's international businesses."I am pleased to welcome Telecom Italia as our global partner in building scale in our international operations," said Richard...
NEW YORK-Wireless telecommunications services and equipment providers issued nearly $14 billion in debt securities during the first quarter of this year, according to Securities Data Co., Newark, N.J.Overall issuance of investment-grade debt in all industry sectors was approximately $194 billion, more than two-thirds ahead...
LONDON-Cable & Wireless plc said brisk sales during the holiday season helped its mobile telecommunications subscriber base surpass the 2 million mark.The total number of customers among companies in which Cable & Wireless has shareholdings, is 9.6 million. When adjusted to reflect the size...
LONDON-Moody's Investors Service has assigned long-term ratings of Baa1 to the proposed $1 billion and $650 million bond issues of Cable & Wireless Communications, which will provide integrated telecommunications services in the United Kingdom.Owned 52.6 percent by Cable & Wireless plc, C&WC was created...
STOCKHOLM, Sweden-L.M. Ericsson built the first phase of Cable & Wireless Panama's digital Advanced Mobile Phone Service network infrastructure as part of a projected five-year investment in that company, said Ericsson. To support the expanding business in Panama, Ericsson has established Ericsson de Panama...
ArrayComm Inc. announced the opening of a liaison office in New Delhi, India, to serve a growing interest in its proprietary IntelliCell processing technology and IntelliWave wireless local loop system. ArrayComm is anticipating the release of a Department of Telecommunications WLL tender in India...
NEW YORK-Hongkong Telecom showed strong growth in revenues, net income and earnings for the six-month period that ended Sept. 30, according to results the carrier released Friday.Compared with the same first-half fiscal year period in 1996, Hongkong Telecom reported operating revenue of $2.27 billion,...
NEW YORK-Israel plans to open its telecommunications market to full competition by January 1999, Communications Minister Limor Livnat said at a news conference, Nov. 3.A week earlier, the Israeli government announced that three groups had made a tender offer to become the country's third...
WorldCom Inc.'s surprise bid to acquire MCI Communications Corp. has touched off speculation of other possible mergers, including widely reported talks between AT&T Corp. and GTE Corp.Neither GTE nor AT&T would comment on the speculation, but several analysts said the two companies have at...
Cable & Wireless plc, the United Kingdom's second-largest telecom group, has agreed to sell the Chinese government a minority interest in Hongkong Telecom. In return, the Chinese will offer Cable & Wireless the opportunity to be a major foreign investor in China Telecom-an agreement...
NEW YORK-Like late night talk show host David Letterman, Jerome Lucas, president of Telestrategies Inc., McLean, Va., has a top 10 list-this one for wireless telecommunications industry trends.In the near term, the biggest winners won't be the behemoths. Instead, they will be the small...
Xypoint Corp. named Jim Thornton chief financial officer with responsibility for all accounting, administration, human resources, risk management and treasury functions. Prior to joining the company, Thornton was president and chief executive officer of Ventana Corp. Before that he was president of finance and...
Competition began in earnest last week in Singapore when the nation's second operator launched service.To try to ensure even more competition, the government announced it expects to call for tenders later this year for two new 17-year licenses, under which operators could begin offering...
There are times when RCR staffers stop chasing stories and just sit around to debate the state of telecommunications. When the rumors about a Cable & Wireless takeover of Sprint began surfacing, all we could do is lay back in our pontifical chairs and...
If reports that Cable & Wireless plc is considering a takeover bid of Sprint Corp. are true, the wireless industry is seeing a sign of things to come.The Wall Street Journal reported last week that Cable & Wireless met with Sprint's 10-percent owner France...
Aerial Communications Inc. appointed John Foster and Thomas Wilson Jr. to its board of directors. Foster and Wilson both will serve on Aerial's audit committee and on its stock option compensation committee. Foster is president and founder of Vedra International Associates. Before founding Vedra,...
Cable & Wireless plc announced it will break off its alliances with Germany-based Veba AG.Cable & Wireless spokeswoman Jennifer Weller said the companies formed two partnerships in early 1995. Vebacom GmbH started as a 55 percent/45 percent joint venture led by Veba, which was...
As expected, the partnership of British Telecommunications plc and Viag AG, E2 Mobilfunk, received a license to operate a fourth mobile phone network in Germany.E2 Mobilfunk was the sole applicant for the Digital Cellular System 1800 personal communications network license.Luca Tassan, analyst with Strategis...
LONDON-Cable & Wireless plc said it formed a new business unit, Carrier Services, to handle the marketing its worldwide network to other carriers and operators for wholesale delivery of international telecommunications traffic.The company said it is experiencing increasing demand from second tier carriers, new...
Netro of Santa Clara, Calif., makes what it says telecommunications operators building networks in the new era of deregulation need-radio equipment that uses a wireless Asynchronous Transfer Mode protocol.Introduced about five years ago and driven by networking giant Cisco Systems-a Netro partner-ATM allows high-speed...
Israel's two cellular operators are working hard to sign up as many customers as possible while the government continues to ponder details for licensing a third cellular operator."The (technology) standard of the third license hasn't been determined yet. The ministry has had a lot...
OTTAWA-TMI Communications agreed to provide mobile satellite communications services to Cable & Wireless Caribbean Cellular, a marine cellular network operator in the Caribbean.The service, CellSat, allows users to switch from cellular to satellite services and provides one number seamless roaming in a 12-island service...
