Word: telecoms
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...Telecom Races Heat...
Sprint, the U.S.'s third largest long-distance carrier, confirmed that it was holding merger talks with France Telecom and Deutsche Telekom, the state-owned telephone companies of France and Germany. Sprint only recently broke off merger talks with Electronic Data Systems Corp...
...January, MCI announced that it would spend $20 billion to upgrade its network with fiber optics and build its own "driveways" onto the national information superhighway. As part of the plan, MCI would also enter local telephone markets. Earlier, the Washington-based firm formed a global alliance with British Telecom, once a partner of rival AT&T, which agreed to buy 20% of MCI for $4.3 billion...
Richard Liebhaber, MCI's chief technology strategist, notes that the company is not alone in its support of Nextel. In addition to MCI, Nextel is backed by Motorola, Comcast, Northern Telecom, Nippon Telegraph & Telephone and Matsushita. "We're part of the telephone version of a dream team," says Liebhaber, dismissing Nextel naysayers. After all, once there was another start-up company that began as a radio dispatcher for truckers and also defied the odds: MCI itself...
...rushing ahead more rapidly than in Europe, where his expansion of BSkyB is part of a slew of new ventures. Partners include Britain's National Transcommunication Ltd., a research facility that will help him develop video compression, and Cellnet, a cellular-phone firm that will team up with British Telecom to work on Murdoch's electronic superhighway. At the same time, Murdoch is joining forces with German TV broadcaster PRO 7 to provide and manage satellite channels reaching 100 million potential viewers in Germany, Austria and Switzerland, starting next January...