Word: telcos
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Dates: during 2000-2009
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...telcos, including Verizon in New York, argue that city-owned systems have an unfair advantage over privately run ones--which could stifle competition. "Wi-fi as a public service has serious issues like network congestion and security," says Eric Rabe, Verizon's senior vice president for media relations. "Do you really want your government handling your e-mail?" Public outrage caused the telco fight to fizzle, with many bills getting killed or modified. City wireless is set to become a $1.2 billion market by 2010, according to analyst firm ABI Research; AT&T, Verizon and Sprint Nextel spin-off Embarq...
Like many Australian mums and dads, my wife and I bought shares (O.K., installment receipts) when local telco monopoly Telstra was first offered to the public in 1997. A few years later, with our second child on board, we bought more shares when a further slab of the company was privatized in the so-called T2 offer. Australians were then still relatively new to direct share ownership, once the preserve of the wealthy. The stock market was buoyant, especially the technology and telecommunication sectors. If there was any qualm about the wider economy ("a miracle economy" after sailing through...
...broad group, to be sure, but like a majority of asset-rich Australians, these T-people tend to vote for the John Howard?led Coalition. Just last week, a survey by Roy Morgan Research showed that the government has very strong support among its joint-venture partners in the telco: 71% of Telstra shareholders surveyed supported the Howard government's management of the economy, while only 20% opted for Labor...
...dividends; few Australians have lost their life savings on this play, although there are stragglers who missed happy hour and paid $7.40 (in T2, touted as a "great deal" by the P.M.) to join the Telstra party. Worried that it would miss its opportunity to sell out of the telco (a long-held aim of the Conservatives), the Howard government announced on Aug. 25 that another public share offer would go ahead. T3 will sell about 21.8% of the company, worth some $8 billion; the remaining 30% will be transferred to the so-called Future Fund that underwrites the unfunded...
...Expanding into new businesses is a matter of survival for traditional phone companies. "Voice revenue is coming to an end," says Andrew Chatham, Gartner Group's Asia telco analyst. "So phone companies need to look at other areas while they still have money." Paul Berriman, PCCW's head of strategic market development, says such concerns were precisely what prompted it to relaunch NOW as a pay-TV service: "There was the danger that if we didn't act, we could have been made redundant...