Word: telecoms
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Dates: during 1990-1999
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...only are fewer Asian execs hitting the road, but also when they do travel, the purse strings are much tighter. From Japan's Nissan Motor to South Korea's Shinsegi Telecom, employees are being told to walk through business class to economy on airplanes and to downgrade from five-star hotels to four- or even three-star establishments when they land. "People used to buy normal tickets so they could change schedules a million times, but nowadays people fix their business meetings according to the schedule of their air tickets," says Yuko Sugihara, a Tokyo travel agent who specializes...
...Communications Wait a minute -- didn't the feds break up Ma Bell already? In the latest, and biggest yet, deal to shake up the unsettled telecom industry, highly acquisitive SBC Communications announced it would buy Ameritech in a $62 billion stock swap. The combined entity would comprise three of the original seven Baby Bells with more than $40 billion in annual revenues, controlling some 57 million lines in 13 Western and Midwestern states. Only U.S. West now stands between SBC control of nearly three quarters of the U.S. Throw in telecom deregulation that should eventually allow local phone companies...
University Internet connections are about to get speedier. Today three high-tech firms said they were donating networking hardware and use of a zippy fiber-optic network linking 122 research universities through the Clinton administration's Next Generation Internet project. Together Qwest Communications International, Cisco Systems, and Northern Telecom will provide services and products worth an estimated $500 million over three years. Separately, the Defense Advanced Research Projects Agency will hand $50 million to 27 Internet-related research projects...
Taka Gondo, a representative from Hitachi Telecom, said that Japanese companies are still very focused on internationalizing their employees. He referred to Sakamoto Ryoma, a ronin (masterless samurai) hero who helped unify Japan and is idealized as a patriot...
...Although WorldCom appears to have successfully outmaneuvered the much larger GTE in the race to acquire the United State's second-largest long distance carrier, anything can happen in this brave new world of telecommunications deregulation. Potential barriers include investors, federal regulators and, yes, even GTE. British Telecom, the other player in the three-way bidding war, has apparently cashed out ? pocketing nearly $7.5 billion thanks to its 20 percent stake...