Word: telecoms
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...annual growth for a decade. Customers love Oracle because the software, though it costs millions, saves them even more. Shareholders adore the rich returns: $10,000 invested in Oracle five years ago would be worth $127,000 today. In the past year Ellison has signed deals with British Telecom, Intel and even Kellogg. With the help of Ray Lane--the president and coo who saved Oracle from fiscal shipwreck in 1991--Ellison has built one of the Valley's most reliable profit players...
WASHINGTON, D.C.: The FCC adopted a plan further deregulating the telecommunications industry that will raise $3 billion to help pay for President Clinton's universal telecom service and might at the same time save people money. "This is follow-through on the deregulation of the industry promised in the Telecommunications Act of 1996," says TIME's Bruce Van Voorst. "The proceeds are paying for the concept of universal service, which today means not just phone lines to rural areas but the wiring of libraries, schools, and hospitals for the Internet. It's the Clinton Administration's promise that...
...says. The notion of taking on mammoth American firms is in keeping with the ambitions of multibillionaire Slim, widely assumed to be Mexico's richest man. His Grupo Carso holding company was already worth $1.2 billion in sales in 1990 when, along with Southwestern Bell and France Telecom, he bought 20% of stodgy, state-owned Telmex for $1.8 billion...
...surprised that over time they came down by a factor of two." MCI is set to enter 25 local markets in January. Thanks to its national brand name and scrappy style, "MCI was ready to beat the crap out of the regional phone companies even before the British Telecom deal," says David Goodtree of Forrester Research, a Massachusetts consulting firm. With BT behind it, Goodtree observes, MCI could take a $10 billion bite out of the local phone market within three years. And with that as a base, MCI could expect to broaden its No. 2 share...
Although MCI has thrived on its status as underdog to mammoth AT&T, that shoe may no longer fit. MCI shook up the telecommunications industry last week--and just about everyone else too--by acknowledging it was in talks to merge with giant British Telecom. The deal, expected to be announced over this past weekend, is likely to be worth about $22 billion...