Word: nynex
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...have dreamed of in 1966--video, for instance, or 3-D Web pages. He is also making that copper work closely with its successor: hair-thin fiber-optic cables that offer vastly expanded speed and capacity--which translates to consumer value and, he hopes, corporate profit. Seidenberg, who oversaw NYNEX's merger with Bell Atlantic two years ago, has risen to the top not because he knows how to splice phone lines but because he knows how to splice phone companies...
...have viewed the deal, some regulators saw it as a welcome spur to local competition--even as the Baby Bells howled. William E. Kennard, chairman of the FCC, says the merger looks "eminently thinkable." That hardly heartened US West and Bell Atlantic--which last year gobbled up neighboring NYNEX--which demanded access to long-distance markets should the deal go through. So far, Washington has barred the Bells from offering long-distance service to their own local customers on ground that they have not yet opened their "loops" to such rivals as AT&T. But to stick to that stricture...
...scholarly but combative Klein, who stands 5 ft. 6 in. in his running shoes, appears to be an unlikely David to Microsoft's Goliath. He came under heavy fire last April for granting unconditional approval to Bell Atlantic's $23 billion merger with NYNEX, a deal that created a giant with 39 million phone lines from Maine to Virginia. But Klein, a music buff whose eclectic tastes run from Ray Charles to Puccini, takes no predictable view on enforcement either. He simply picks his targets as he sees them. "I'm not an ideologue or a crusader," he says...
TELECOM EXECS The Bell Atlantic-NYNEX merger may be no good for callers, but it's great for the corner offices...
...major players have appeared more eager to make love than war. The marriage of Northeastern neighbors NYNEX (1996 revenues: $13.5 billion) and Bell Atlantic ($13.1 billion) awaits final government approval, while Southwestern titan SBC Communications has hooked up with Pacific Bell in California to create a $23.5 billion MegaBell. And in perhaps the worst-kept secret in Big Business history, AT&T ($52.2 billion) tried to buy the bulked-up SBC in a deal that went dead last month over disagreements between the companies and the hostility of regulators...