Word: optic
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...there were sighs of relief at AT&T, there were whoops of joy at the Kansas City headquarters of U.S. Sprint. Last week the two companies landed the biggest telephone contract in history: to replace the cranky, 25-year-old federal long-distance telephone system with a modern, fiber-optic system that would be capable of transmitting not only conversations and data but also video images. The deal, which is worth upwards of $25 billion, was a boon for AT&T. The company recently projected an annual loss for this year of up to $1.7 billion -- its first in more...
YEREVAN, U.S.S.R.--Rescuers working around the clock with every-thing from their bare hands to fiber optic cameras have pulled more than 18,000 people from earthquake wreckage, officials said yesterday...
...year. The deficit, which could run as high as $1.7 billion, will be the result of AT&T's decision last week to scrap $5.6 billion worth of outdated equipment. In a drive to modernize, the company is replacing 2 billion miles of telephone connections with higher-capacity fiber-optic lines. AT&T will also install more digital switchboards and other advanced gear, which will eliminate 16,000 jobs. In the fourth quarter alone, the cost to the company will be $6.7 billion...
Competition from rivals MCI and Sprint hastened the move. Both companies can undercut AT&T's tolls on long-distance calls because their networks use fiber- optic cable almost exclusively. The light-wave lines, which transmit a signal faster than ordinary cables and produce clearer sound than satellite communications, form less than half of AT&T's telephone grid...
Another technology that could help bury the networks is fiber-optic cable, which can greatly increase the number of channels brought into the home. Fiber optics will make possible a new array of home services, such as video shopping and information retrieval. The technology could come more quickly, moreover, if telephone companies are allowed to transmit cable programming over fiber- optic lines; the FCC is contemplating asking Congress to permit just that...