| Telecom News &
| December 2002
resigns from Global Crossing as assets are sold
|| Gary Winnick, who made hundreds of millions selling
Global Crossing stock before its collapse earlier this year, said
Monday that he is resigning as chairman of its board. Winnick's announcement
came after two companies, Hutchison Whampoa of Hong Kong and Singapore
Technologies Telemedia, recently completed their acquisition of Global
Crossing's assets for about $250 million, or about 1 percent of their
declared value of more than $22.4 billion.
PUC clears way for SBC intrastate long distance
|| The California Public Utilities Commission voted
4-1 to approve SBC Communications's petition to offer intrastate long-distance
in California, clearing the way for SBC to begin marketing the service
to start marketing long distance service in California on Tuesday
|| SBC Communications plans to launch a major marketing
blitz this week as it begins offering long-distance service in California
as early as Tuesday.
Wireless slows phone service plans - High-speed Net access delayed
|| Uncertain about the timing of an economic recovery,
AT&T Wireless Services on Thursday drastically scaled back the rollout
of its next-generation mobile phone service.
lost $234 million in October
|| WorldCom Inc.'s losses nearly doubled in October
from the previous month, and sales of its telecommunications services
remained flat, according to a bankruptcy court filing.
distance bills headed upward in 2003
|| The days of falling long distance phone bills may
be over. More new fees and rate increases are expected next year on
top of a bevy of recent increases by No. 2 long distance carrier MCI
jump into wireless networks
|| The hotel industry is embarking on a new high-tech
venture: bringing wireless Internet to lounges and conference rooms.
acquisition of Inktomi raises privacy worries
|| Yahoo's plans to acquire Inktomi might give it "unprecedented
ability to monitor Internet users' behavior and deluge them with tailor-made
advertising based on one's surfing." Yahoo already records and studies
all visits by registered users to the thousands of pages constituting
the Yahoo network.
compels AT&T to disclose calling card fee details
|| AT&T has agreed to note on its vending machines the
price of the surcharge to use its prepaid calling cards at any pay
phone in order to settle a lawsuit accusing the telecommunications
giant of charging hidden fees.
to buy Inktomi
|| Yahoo's once-hot love affair with search partner
Google showed signs of increasing strain Monday with the Web portal
saying it will buy search engine Inktomi for $235 million.
has lock on DSL - Customers can't keep current high-speed Internet
connection if they switch local phone providers
|| At least one California regulator said she is concerned
that SBC's refusal to provide DSL service to rivals' customers could
give it an unfair advantage in the local phone market. "We need to
be vigilant to make sure customers have choices," said PUC President
grants approval for SBC to sell long distance in California
|| The Federal Communications Commission voted 3 to
1 to give SBC the green light to offer long distance in California
starting Dec. 30, despite a ruling by state regulators in September
that SBC had failed to satisfy three of four requirements to offer
the service within the state.
plan to spy on Internet - Bush team wants aid of internet service
|| The Bush administration is planning to propose requiring
Internet service providers to help build a centralized system to enable
broad monitoring of the Internet and, potentially, surveillance of
seeks to restrict Wi-Fi - could block U.S. radar
|| The Defense Department, arguing that that an increasingly
popular form of civilian wireless Internet access could interfere
with U.S. military radar systems, is seeking new limits on the technology.
DSL service to shut down in 90 days
|| Hughes blamed the move on the collapse of its planned
merger with EchoStar Communications.
leery of pay plan for incoming WorldCom CEO
|| A federal judge on Tuesday criticized WorldCom Inc.'s
proposed compensation plan for incoming CEO Michael Capellas, warning
that he could still hand down a multibillion dollar fine if the company
doesn't show it is truly "committed to reform."
DirecTV suitors may call as EchoStar deal officially dies
|| Rupert Murdoch's News Corp., John Malone's Liberty
Media and others are free Wednesday to start merger talks with DirecTV.
raising rates for high-speed internet service
|| AT&T Broadband, which a week ago announced plans
to raise cable TV rates in the Bay Area, is also ratcheting up the
price for high-speed Internet service locally by 30 percent.
hike may boost appeal of satellite tv dishes
|| In the past two quarters alone, the two largest satellite
TV operators have gained 1 million new subscribers - mostly ex-cable
customers - while the 10 largest cable companies, including AT&T Broadband,
lost half a million subscribers, according to Leichtman Research Group,
a New Hampshire consulting group.
plans additional rate increases
|| Just three days after WorldCom's MCI unit raised
some customers' telephone rates by as much as 80 percent, the nation's
second largest long distance provider said it plans to enact a new
set of fees next year affecting nearly all of its 20 million customers.
set to boost cable TV rates
|| In a move that could spur thousands of cable television
customers to switch to satellite or other rivals, AT&T Broadband plans
to sharply raise prices for most of its 1.6 million Bay Area subscribers
starting in January.
of pirates are plundering satellite TV
|| At least 1 million households, possibly as many as
3 million, are getting virtually every channel, including premium
networks such as HBO and Showtime, most broadcast sports events and
all pay-per-view services for free.
| November 2002
settles civil lawsuit with SEC
|| WorldCom and the government have settled a civil
lawsuit over the company's $9 billion accounting scandal, leaving
a judge to decide how much the bankrupt telecommunications giant will
pay in fines.
files for bankruptcy
|| Internet backbone company Genuity Inc. filed for
bankruptcy protection Wednesday as part of an agreement that will
transfer its assets to Level 3 Communications Inc. for $242 million.
complicate power struggle at WorldCom
|| WorldCom's rising bond prices could make it more
difficult for Rudy Giuliani and investor David Matlin to guide the
company's bankruptcy reorganization.
fees to rise - 10 long distance plans affected
|| MCI has an unwelcome holiday gift in store for many
of its customers: higher bills.
|| Former New York mayor Rudolph Giuliani said his consulting
firm, Giuliani Partners, is working with a leading WorldCom investor
to advise the crippled telecom giant after it emerges from the biggest
bankruptcy in U.S. history.
phone industry a victim of its own success
|| Americans' use of cell phones has increased so rapidly
that wireless networks are becoming overloaded, resulting in a growing
number of customers to complain about their calls that are inaudible
or are cut off or never connected.
enhanced device really isn't just a cell phone anymore
|| A slew of clever devices, many with vibrant color
screens and remarkable sound, and several that exploit emerging faster
third-generation, or 3G, telecom networks, have the vast potential
to alter the universe of mobile communications.
free wireless access to the people
|| "Wireless access will become one of the essentials
of life," says Hem Ramachandran, founder of Austin Wireless. "It'll
be like electricity, where people expect to find power outlets to
plug into everywhere they go," Ramachandran says.
delivers a 'hip-top' design twist
|| Danger sells one of the most talked-about gadgets
of the year: a "hip-top" computer marketed by wireless company T-Mobile
as the Sidekick. The Sidekick, introduced in October, is a wallet-size
wireless Web device with a built-in phone.
claims Homestore hoped to hide shady deals in AOL merger
|| Former Homestore executives proposed a $4 billion
merger last year with America Online, hoping to cover up questionable
financial deals with the Internet giant, according to court papers.
Bell wants to double lease fee
|| Pacific Bell has asked state regulators to more than
double the rates it charges rivals to lease its telephone lines -
an increase that could potentially drive AT&T, MCI and other rivals
out of the local residential phone market.
phones are disappearing all over California
|| Expensive to maintain but vital to the poor, pay
phones are disappearing all over California.
expands civil fraud charges against WorldCom; company raises estimate
of inflated earnings
|| The SEC expanded its civil fraud charges against
WorldCom as the company raised its estimate of inflated earnings to
more than $9 billion.
to block IP ports
|| In an apparent attempt to stem telephone company
revenue losses due to Internet telephony, the government of Panama
has decreed that 24 UDP ports be blocked by all Internet service providers.
| October 2002
write-down grows to $40.8 billion
|| Local phone company Qwest Communications said that
it will take a write-down of $40.8 billion and defer $531 million
in revenue it booked prematurely in 2000 and 2001.
wins court delay in Cegetel battle with Vodafone
|| A Paris court granted Vivendi Universal's request
for an extra month to make a bid for its telecommunications arm, Cegetel,
after Britain's Vodafone PLC offered to buy the company.
& Hughes try to salvage merger with revised plan
|| Representatives from satellite TV provider EchoStar
Communications tried to convince Justice Department officials Monday
to approve a proposed $18 billion merger with Hughes Electronics,
offering to bolster a rival to preserve competition.
PUC fines Qwest $20 million over long-distance service
|| California regulators have fined Qwest Communications
and a subsidiary $20.3 million for switching the long-distance service
of thousands of Californians without permission.
911 calls still far from wide coverage
|| Enhanced 911 (E911) service for cell phones could
help rescuers pinpoint your location in an emergency but the service
is not in place in all but a handful of locations.
cuts $190 million from reported 2000-02 revenue
|| AOL Time Warner on Wednesday made its most concrete
acknowledgment yet that America Online gave investors an overly rosy
view of its finances in the months leading up to its $147 billion
acquisition of Time Warner in January 2001.
merger deal rejected
|| The Federal Communications Commission rejected a
proposed merger between Echostar Communications and Hughes Electronics
that would have created the largest pay-TV service in the U.S.
|| SBC Communications said its full-year profit will
be about $2.26 per share - on the low end of its earlier forecast,
which ranged from $2.26 to $2.35.
PUC reconsidering Pac Bell long distance ruling
|| The California Public Utilities Commission plans
to reconsider letting Pac Bell into the in-state long-distance market.
guilty plea in WorldCom fraud case
|| Former accounting director Buford Yates, 46, pleaded
guilty to conspiracy and fraud charges, reversing an earlier innocent
plea. He joins former WorldCom controller David Myers, who also pleaded
guilty to fraud.
Crossing's Winnick offers to give $25 million of his own money to
|| Winnick's pledge followed congressional testimony
from former Global Crossing employee Lenette Crumpler, who said she
had lost her entire retirement savings after keeping her money in
the company's stock because of frequent reassurances from executives.
goes to court to resist music industry's request to identify alleged
|| Music companies tried to persuade a judge Friday
to let them obtain the names of people suspected of trading music
files online without going to court first. Internet service provider
Verizon is resisting, saying that it could turn Internet providers
into a turnstile for piracy suits and put innocent customers at risk.
UUNet technical troubles cause major Internet delays
|| Some Internet users faced heavy delays reaching Web
sites and accessing e-mail Thursday because of widespread technical
troubles on WorldCom's long-haul network.
royalty deal could come soon
|| Under pressure from an influential lawmaker, record
labels and Internet broadcasters moved closer Tuesday to a compromise
on royalties that could help small online radio stations stay in business.
names business unit head
|| AT&T Corp. Tuesday named Betsy Bernard the new head
of its AT&T Business unit and said she will succeed David Dorman as
president after the company's cable arm completes its merger with
York Attorney General sues current and former top officials of four
|| New York Attorney General Eliot Spitzer on Monday
sued current and former top officials of four telecommunications companies,
contending they had steered investment banking business to Citigroup
in exchange for inflated ratings on their companies' stocks and new
shares of other companies.
to pay additional $36 million in severance to laid-off workers
|| WorldCom Inc. won a federal bankruptcy judge's approval
to pay an additional $36 million in severance to some 4,000 laid-off
| September 2002
refiles nine long-distance applications
|| The refiling comes on the eve of a congressional
hearing into questionable swap deals between Qwest and Global Crossing.
Global Crossing executive describes pressure to make deals
|| Top executives at Global Crossing, including Chairman
Gary Winnick, pressured subordinates to make deceptive deals that
gave a false picture of its financial health, former company executives
told lawmakers Tuesday.
Communications restates nearly $1 billion in revenue from fiber-optic
|| Qwest Communications is restating nearly $1 billion
in revenue from swaps of capacity on its network - a practice that
has come under scrutiny by federal regulators.
Bell a step closer to offering long distance service
|| Despite significant reservations, the California
PUC ruled 4-1 that Pac Bell should be allowed to start offering long-distance
service. Still, experts said some wrinkles in Thursday's ruling could
sink Pac Bell's long-distance application with the FCC, which is expected
to rule on the issue by Dec. 20.
of cell phone studies finds no "consistent evidence" of cancer link
|| A review of cell phone studies commissioned by the
Swedish Radiation Protection Authority has found no "consistent evidence"
of an increased risk of cancer from usage, the agency said.
phone users flip for AOL instant messaging
|| America Online's instant-messaging service has been
the Internet giant's underachieving prodigy.
|| America Online announced an overhaul Thursday aimed
at reviving the troubled Internet giant.
Crossing probe widened to include Qwest Communications link
|| Congressional investigators expanded their probe
of Global Crossing to include possible accounting irregularities at
of inexpensive Internet calling say its moment is at hand
|| Over the next year, cable TV providers and other
companies will increasingly rely on Voice over Internet Protocol (VoIP)
technology to offer consumers sharply reduced phone bills and new
services such as online phone-message management. Some analysts believe
that it could replace the public telephone network that first took
shape 125 years ago. In the meantime, it could add to the pressure
on the nation's large phone companies - which are also testing the
technology and using it to route some calls - to keep long-distance
unveils new mobile video phone
|| Nokia, the world's largest cell phone maker, has
unveiled the Nokia 3650. Featuring an integrated camera, camcorder,
video player and multimedia messaging functionality, the Nokia 3650
is a tri-band mobile phone capable of operating on 5 continents (wherever
GSM 900/1800/1900 networks are available). Shipments are expected
to begin early 2003.
charges likely against WorldCom
|| Federal prosecutors said on Wednesday that their
investigation of accounting practices at WorldCom will result in new
charges and indictments against executives involved in the company's
effort to disguise billions of dollars of expenses as profit.
| August 2002
former top WorldCom executives indicted
|| The seven-count grand jury indictment charges WorldCom's
former chief financial officer Scott Sullivan and former accounting
director Buford Yates with conspiring to falsely inflate profits by
execs got thousands of IPO shares
|| Lawmakers on Tuesday called for a wider probe of
Wall Street as they released documents showing that WorldCom brass
got thousands of shares in coveted IPOs.
WorldCom controller tried to prevent a subordinate from talking to
|| Former WorldCom controller David Myers tried to silence
a colleague who raised concerns about accounting, company e-mails
telecommunications firms turn to phone directories to keep afloat
|| Telecommunications companies struggling through a
digital revolution are turning to an old mainstay as their savior:
the phone book.
Valley man demands that Fax.com end unsolicited messages
|| Unsolicited commercial faxes have been banned by
federal law since 1991, and a Silicon Valley businessman says it's
time for "blast fax" king Fax.com to pay up -- to the tune of $2.2
to offer broadband on AT&T and Comcast lines
|| Carriage of AOL on some of the systems of AT&T and
its pending merger partner Comcast is part of the deal, formally announced
Wednesday, for AOL Time Warner to buy AT&T's stake in their Time Warner
Entertainment partnership for $9 billion in cash and stock.
companies moving towards tiered rate plans
|| The days of one-price-fits-all for high-speed Internet
access are ending. No. 3 broadband Internet provider SBC Communications
Wednesday became the latest to say it would charge a range of prices
for consumers, as it already does for big businesses.
woes put assets on the block at bargain prices
|| Struggling telecom firms are pressing to sell assets
or merge, but buyers are paying less and less.
cell phone users get better service
|| A class system is developing among cell phone users.
High-paying subscribers are lavished with perks, such as faster customer
support and instant resolution of billing problems. Lower-paying users
and credit risks are charged extra for the same service or forced
to wait longer.
has serious doubts about Genuity's ability to remain in business
|| According to Wednesday's SEC filing, Genuity's default
and its potential need to seek bankruptcy-court protection raise substantial
doubt about the company's ability to continue as a "going concern."
Smith Barney telecom analyst Grubman quits
|| Analyst Jack Grubman resigned Thursday amid growing
controversy over alleged conflicts of interest in his touting of WorldCom,
Global Crossing and other companies.
|| Global Crossing sold itself for $250 million on Friday
to the same Asian companies that tried to buy the fiber-optic network
company for three times as much when it first filed for bankruptcy.
mandates digital tuners in all new televisions in 2007
|| The FCC ordered manufacturers to install tuners that
can receive digital signals in new television sets by 2007, a move
critics say could raise the cost of TVs by as much as $250.
raises high-speed internet fee structure
|| Fastest connection costs 80% more under new plan.
issues record fine against Fax.com for "junk faxes"
|| The Federal Communications Commission issued a record
fine of nearly $5.4 million against a Fax.com for sending "junk faxes"
to businesses and consumers.
PUC may penalize Verizon over earnings
|| California regulators claimed that Verizon Communications
understated earnings for six years to avoid sharing profits with ratepayers.
cell phones a step closer to elimination
|| FCC expected to give OK to wireless carriers to shut
down their analog networks in five years.
| July 2002
agreement on telecom fixes
|| The issue of overhauling the nation's muddled telecommunications
policies has yet to find a political consensus.
Department investigating AOL Time Warner accounting practices
|| The involvement of the Justice Department in the
AOL Time Warner probe raises the possibility that the investigation
could move beyond a civil securities case and into a criminal proceeding.
execs made millions while exaggerating profits
|| Executives at Qwest Communications International
made almost $500 million selling company stock from 1999 to 2001 while
they were releasing profit numbers that the company now says were
exaggerated and based on improper accounting.
plans to restate earnings from 1999 to 2001
|| Qwest Communications International Inc., already
under investigation for its accounting practices, expects to restate
financial reports for 2000 and 2001 because an internal analysis found
names restructuring experts to key posts
|| Gregory F. Rayburn was named chief restructuring
officer Monday while John S. Dubel will assume duties as chief financial
officer. The two are executives and principals with the corporate
restructuring firm of AlixPartners LLC.
investigating AOL Time Warner
|| Chief executive Richard Parsons disclosed the probe
Wednesday, saying the SEC was conducting a preliminary inquiry into
the accounting of several transactions that boosted revenues at the
WorldCom execs to be charged
|| "Indications are that charges will be filed sometime
next week," a source close to the investigation told The Associated
posts $12.7 billion second-quarter loss
|| The loss reflected a writedown of $13.1 billion in
the book value of AT&T Broadband.
approves Justice Department request for WorldCom independent examiner
|| Attorney General John Ashcroft said an independent
examiner "will provide transparency to the process and enhance accountability."
files for biggest bankruptcy in U.S. history
|| Tottering under debt, the telecommunications giant
filed for bankruptcy protection Sunday night, nearly a month after
it disclosed almost $4 billion in deceptive accounting.
fees killing most Internet radio stations
|| More than 200 Internet-based radio stations have
shut down because of a royalty fee that takes effect in September,
and more are closing daily. Most of the estimated 10,000 radio Webcasters
are expected to follow suit, "with the exception of Yahoo, AOL, Microsoft
and other deep-pocketed conglomerates who can afford a loss leader,"
says Kurt Hanson, editor of the Radio and Internet Newsletter.
rules change seen as key to curing telecom meltdown
|| At issue are FCC rules that were meant to spark local
postpones mandate for 'portable' wireless numbers
|| The Federal Communications Commission gave cell phone
companies until Nov. 24, 2003, to offer customers the choice. The
new date, one year later than the previous deadline, is the third
extension granted by the FCC.
Crossing says it received competing bids
|| Global Crossing said Tuesday it had received competing
bids from several parties for its assets, despite a crisis of confidence
in the telecommunications industry.
Telekom CEO Ron Sommer quits
|| Deutsche Telekom Chief Executive Ron Sommer quit
Tuesday, ending his seven-year reign at the troubled German phone
giant under heavy pressure over the company's debts and slumping stock
Bell may be allowed to buy WorldCom
|| Declaring the telecommunications industry in a state
of "utter crisis," the chairman of the FCC suggested his agency might
allow a Baby Bell to take over WorldCom, reports the Wall Street Journal.
industry "in deep doo-doo"
|| "Every company in the business has something funny
with their financials," says Dave Burstein, who publishes a newsletter
focusing on telecommunications and DSL.
prosecutors overseeing Qwest probe to share information with newly
formed corporate fraud task force
|| The Justice Department task force is examining Qwest
and other troubled telecoms to look for "common themes and threads."
in wireless industry held back by stock market woes
|| Until underlying stock markets improve, few deals
are likely to get done, bankers and analysts say.
and Comcast shareholders approve deal
|| Shareholders of Comcast and AT&T overwhelmingly approved
Comcast's planned $51 billion purchase of AT&T's cable television
business Wednesday in a deal that would create a cable TV powerhouse
with nearly twice as many subscribers as its closest rival.
being investigated by U.S. Attorney
|| In a news release, Qwest said the U. S. attorney's
office in Denver told the company Tuesday afternoon that it had begun
the investigation but did not disclose the subject matter. Qwest said
it plans to fully cooperate.
executives, former auditors clash over responsibility for accounting
|| WorldCom executives clashed with former auditors
Monday over responsibility for nearly $4 billion in accounting improprieties
that rocked U.S. markets. WorldCom's ex-CEO and ex-CFO refused to
testify at House Financial Services Committee hearing.
scrutiny touches on e-mail
|| A Salomon Smith Barney debt analyst e-mailed WorldCom
CFO Scott Sullivan to ask about a rumor of a $3 billion liability
at the company a day before it revealed $3.9 billion in hidden expenses,
say people familiar with a congressional probe of the company.
subscribers fear more busy signals
|| Overburdened wireless system will share California,
Nevada networks with VoiceStream.
WorldCom CFO reportedly tried to delay audit
|| Scott Sullivan, the former chief financial officer
of WorldCom urged internal corporate auditor Cynthia Cooper to suspend
her review of certain company accounts that ultimately turned up almost
$4 billion in misallocated expenses, people involved in the case said
could save the MCI brand
|| Not too late to stem losses, experts say.
CEO not convincing
|| That's the consensus of professional crisis managers
after WorldCom's chief executive officer, John Sidgmore, finally appeared
before the press Tuesday.
Wireless investigated for being 'unfair to consumers'
|| California regulators are investigating Cingular
Wireless, the nation's second-largest mobile phone company, charging
that it has been "fundamentally unfair to consumers" by locking them
into long-term contracts and failing to provide the services it promised.
judge appoints monitor to keep detailed watch on WorldCom
|| U.S. District Judge Jed Rakoff selected former SEC
chairman Richard Breeden as the monitor in the SEC's civil fraud suit
against WorldCom over accounting improprieties.
supply, limited demand dim fiber-optic future
|| "Infinite supply and a finite demand creates a price
of near-zero," says Dana Blankenhorn, who follows technology for A-Clue.com.
of Congress rush to unload WorldCom donations
|| Several members of Congress and party fund-raisers
are scouring their campaign lists for WorldCom money, preparing to
unload it before the once-valued contributions become a political
outlines troubles in SEC filing
|| Cynthia Cooper, an internal auditor for WorldCom,
noticed some questionable transfers while working on a routine audit
in May. It turned out that what she had uncovered was a scheme to
disguise nearly $4 billion in expenses from the investing public.
House committees targeting WorldCom
|| WorldCom is caught in the middle of a turf battle
between two powerful House committees.
new wireless location technology "for the masses"
|| AT&T Wireless has unveiled a new opt-in program called
"Find Friends" which allows people to use their cell phones to track
their friends' locations.
report will face scrutiny
|| "If there's even an iota of false statement in there,
people are going to pay heavily," SEC Chairman Harvey Pitt said Sunday
on ABC's This Week.
| June 2002
offering up to $4 billion for WorldCom
|| Long-distance carrier IDT has made an informal $3
billion to $4 billion offer for WorldCom's local phone operations
that serve business, said IDT's Chairman and Chief Executive Howard
plunges step closer to bankruptcy after latest accounting scandal
|| WorldCom Inc. spiraled toward the brink of bankruptcy
after the communications giant reported it had disguised $3.8 billion
in expenses. The news dragged down the stock markets Wednesday, and
President Bush said the federal government would investigate.
admits to cooking its books
|| WorldCom, the nation's second-largest long-distance
telephone carrier, said Tuesday night that it had overstated its cash
flow by more than $3.8 billion during the last five quarters in what
appears to be among the largest cases ever of accounting fraud.
shares dip below $1 for after analyst downgrade
|| Salomon Smith Barney Inc. analyst Jack Grubman's
decision to cut WorldCom Inc. to "underperform" signaled to some investors
that the second- biggest U.S. long-distance telephone company may
be slipping toward bankruptcy.
balloons to plug wireless gaps
|| Space Data says its plan to create America's first
floating wireless network has already undergone successful testing
and is economically viable.
suits against Baby Bells could be up to Supreme Court
|| It may soon be up the U.S. Supreme Court to decide
whether consumers -- and rival firms in the local telephone market
-- can sue Baby Bell companies for anticompetitive business practices.
CEO forced out
|| Nacchio's resignation ends a meteoric rise and sheds
doubt on his vision of fiber-optic networks as engines of global e-commerce.
phone rules proposed
|| Responding to a tidal wave of telephone gripes, the
California Public Utilities Commission Thursday proposed a sweeping
new version of a telecommunications bill of rights to protect consumers
against everything from deceptive marketing to privacy violations.
may dump 16,000 jobs
|| Struggling WorldCom is considering cutting 20% of
it's workforce, or about 16,000 jobs.
SBC's Gravy Train
|| Former SBC Chief Financial Officer Donald Kiernan
earned $6.7 million even though he quit in July. Karen Jennings, senior
executive vice president of human resources, received $2.4 million,
up 11 percent from 2000, according to an obscure filing with state
regulators. But you'd never know it from reading SBC's public filings
with the Securities and Exchange Commission.
| May 2002
cut to two notches above "junk" by Moody's
|| Moody's said the downgrade "reflects the weakened
revenue prospects for the long-distance voice and data industry,"
and rising competitive pressures from the regional Bell operating
companies Qwest, BellSouth, SBC Communications and Verizon Communications.
ready to seek re-entry into long distance market
|| Qwest will seek approval to sell long-distance service
in part of its 14-state region, saying it has shown its system is
open to competition in local calling.
to eliminate wireless unit
|| WorldCom Inc., the telecommunications giant that
is scrambling to pare back its operations to avoid bankruptcy, has
quietly decided to pull the plug on its ailing wireless unit.
Crossing to create its own bankruptcy reorganization plan
|| Global Crossing is preparing its own restructuring
plan as an alternative to the bids that outside investors are expected
to submit for the bankrupt communications company's vast fiber-optic
companies seeking to acquire Global Crossing unable to reach agreement
|| The two Asian firms seeking to acquire Global Crossing
have failed to reach an agreement with lenders who are owed more than
$12 billion by the bankrupt communications company.
seeking $2.2 million fine against AT&T Wireless
|| The FCC voted 4-0 to fine AT&T Wireless Services
Inc. $2.2 million for allegedly failing to include technology on new
cell phones that allows emergency services to pinpoint the location
of a distressed caller.
Broadband e-mail filter blocks notice of rate hike
|| AT&T Broadband offered high-speed Internet users
an e-mail filter to block spam then discovered it also blocked notice
of a rate increase.
breaks SEC rule on board member disclosure
|| USA Today reports that Qwest Communications has violated
an SEC rule by failing to disclose the other board seats of its newest
director, Thomas Donohue.
court rules Baby Bells can't charge rivals higher fees
|| In a ruling that could bring more competition to
local phone service and fast Internet access, the U.S. Supreme Court
on Monday rejected a bid by the big regional carriers to charge rivals
higher fees for using their lines.
| April 2002
you need is one - Phone number, that is - By Jim Louderback (TechSmart
|| Wouldn't it be neat if someone combined a cell phone
with the kind you use at home? That's just what Ericsson is developing,
and it could be available by next year. On the street, your cell phone
would work normally. But at home, the phone would be connected via
a wired cable-modem or DSL connection to a nearby base station. One
phone, one number and great quality: the best of both worlds.
posts loss of $54 billion
|| Stung by the plunging value of its mammoth merger
last year, AOL Time Warner said yesterday it lost $54.2 billion during
the first quarter in what is the largest quarterly loss in U.S. corporate
Wireless fares worst of all as complaints quadruple
|| WorldCom Wireless, considered a bit playerin the
cellular phone market, sparked more complaints to the California PUC
than AT&T Wireless, Sprint PCS and Verizon Wireless combined, according
to a San Francisco Chronicle analysis.
close to increased digital transmissions
|| "Static, hiss and pops all go away," says iBiquity
Digital CEO Bob Struble, whose company just unveiled its technology
to lead the radio industry's digital charge.