Word: verizon
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Thinking of getting your loved one a cell phone this holiday season? Good luck. Cell phones may or may not be hazardous to your health, but choosing one can certainly tax your sanity. You have to select a provider (such as AT&T or Verizon), a make (like Motorola or Nokia) and a plan (weekend minutes or anytime minutes?). Then there are all the bells and whistles. Remember: if the salesclerk asks if you want Java or Brew, he's not offering you a drink but rather a choice between two kinds of software for playing cell-phone games...
...after the Telecommunications Act was supposed to help break the Baby Bells' hammerlock on local phone service, competition in the residential market is finally starting to heat up--and the Bells' once dependable growth is cooling down. Thanks to newly aggressive state regulators who are forcing BellSouth, SBC Communications, Verizon and the much smaller Qwest to lease their networks to competitors at lower prices, rivals like AT&T and MCI are for the first time snapping up some of the most lucrative customers. "Now we have a real fight," says former Federal Communications Commission (FCC) chairman Reed Hundt...
...business long enough and persuade wary capital markets to finance their separate networks, the Bells' distress could grow worse. Instead of getting paid a nominal amount by rivals who piggyback on their networks, the Bells would be getting almost nothing from customers they lose. Lawrence Babbio, president of Verizon, insists, "I'd rather take that risk [than see the situation persist]. It's a trade I'd make any day of the week." But Babbio knows it's not likely that he will get the chance anytime soon. Even if Powell can give the Bells some of what they...
...Bells are busy rolling out bundles of local, long-distance, Internet-access and wireless service--often all on one bill--to try to stem the tide of defections. Even though the Bells can't offer multinational companies much in the way of international calling, all of them--led by Verizon--are making a concerted push for U.S. Big Business customers, a sector still dominated by AT&T, MCI and Sprint...
Echoing most telecom-industry analysts, Powell has made clear that he thinks that the industry may well need another round of consolidation to get back on sound footing--whether that means SBC and BellSouth or Verizon and Qwest joining forces, the Bells snapping up their newfound competitors at AT&T and MCI, or some of the six major wireless carriers finding strength in numbers. But, as Gene Kimmelman, co-director of the Washington office of Consumers Union, points out, "If Powell goes too hard too fast, he could end up with egg all over his face, with a more monopolistic...