Word: bell
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Seves: Har--Burney 6; Cor--Bell...
...obstacles will require some bounding over. Levin has incurred the legal wrath of financial partner U S West. The Colorado-based Baby Bell, which owns a 25.5% stake in Time Warner's film and cable holdings, filed a lawsuit in Delaware chancery court last week to block the merger. The phone company, which paid $2.5 billion for its partnership interest in 1993, has for months been in stalled talks with Time Warner, which wants to restructure the terms in order to split the cable from the content companies. U S West claims it has veto power over the merger with...
...persuaded the AT&T board to break the company into three independent corporations. It will be the biggest corporate split-up ever, as measured by the stock-market value of the splitting company. Not even the court-ordered breakup of AT&T 11 years ago into seven Baby Bell phone companies and one everything-else corporation comes close...
Equipment manufacturing (phones, switching gear, computer chips) plus most of the legendary Bell Laboratories research operation. Name: not yet chosen. Revenues: $20 billion a year. Profits: an estimated $1 billion. Chief executive: Richard McGinn. Employees...
...technology is enabling Ma Bell to muscle back into the local markets turned over to the Baby Bells by the 1984 court-ordered divestiture. It can do this now by offering cellular-phone service and later by setting up networks of PCS (personal-communication services) phones. These are new wireless, portable phones. AT&T might also link up with cable-TV companies to route phone calls over TV cables...