BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | February 21, 1997
American Communications Services Inc. said it boosted revenue dramatically in the last months of 1996 but continued to lose millions of dollars as it builds a series of local telephone networks to compete with the Baby Bells.The Annapolis Junction-based company said it lost $34.9 million during the last six months of 1996, well above its $8.9 million loss for the same period of 1995. The main reason in both years was heavy capital spending: The company poured $64.5 million into capital projects during the second half of 1996.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | May 22, 1997
American Communications Services Inc. laid off 32 workers this week, as the Annapolis Junction-based telephone company continued a restructuring that claimed the job of its chief executive officer last winter.ACSI said the fired workers, part of a staff of 550, were engineering, right-of-way acquisition, and network construction experts whose jobs were naturally running out because ACSI is almost done building its 50-city network to provide local phone service and data communications services aimed at businesses.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | January 31, 1997
A tiny Annapolis Junction-based phone company got a powerful boost from MCI Communications Corp. yesterday, as the long-distance giant tapped American Communications Services Inc. to handle parts of both its long-distance service and its emerging local phone service business.ACSI stock rose $1.625 to $11.125 on the news, though neither side would say how much revenue the deal will bring ACSI during its five-year term. ACSI is one of a breed of smaller phone companies that have sprung up to challenge the Baby Bells for control of the $100 billion local phone industry, especially the lucrative business markets.
NEWS
October 4, 1995
An article yesterday about American Communications Services Inc. incorrectly reported the company's stock price. ACSI shares closed at $7 Monday.The Sun regrets the error.
BUSINESS
By Michael Dresser and Michael Dresser,Sun Staff Writer | July 11, 1995
American Communications Services Inc., a fiber-optic network company that moved to Maryland two months ago, said yesterday that it has signed an agreement with MCI Communications Inc. under which it will provide a low-cost connection to MCI customers in six metropolitan markets.Under the deal, ACSI will provide networks that will let MCI bypass the regional Bell operating companies in the six downtown areas, which the companies declined to identify, except to say that they were in the South.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | December 17, 1997
WASHINGTON -- Baltimore and Washington may not be a long distance apart on the map, but placing a phone call between the two cities has always required paying long-distance fees.A Maryland telecommunications company announced yesterday that it is planning to change that, at least for businesses.Officials of American Communications Services Inc. said at a news conference that they are filing with the Maryland Public Service Commission for permission to offer "Corridor Calling," a new service that would enable customers to place calls anywhere in the Baltimore-Washington region at a local rate of 8.5 cents per call, with no limit on the duration of the call.