Advertisement
HomeCollectionsAtlantic And Nynex
IN THE NEWS

Atlantic And Nynex

FEATURED ARTICLES
NEWS
By NEW YORK TIMES NEWS SERVICE | July 20, 1997
The Federal Communications Commission announced yesterday that it had reached a sweeping agreement with Bell Atlantic and Nynex to open their local telephone markets to competition, paving the way for government approval of their $22 billion merger.The FCC said Bell Atlantic and Nynex had pledged to meet an array of provisions -- most of them highly technical -- that would make it possible for would-be rivals like AT&T and MCI to offer local phone service in competition with the two companies up and down the Eastern Seaboard.
ARTICLES BY DATE
BUSINESS
By BLOOMBERG NEWS | July 22, 1997
PHILADELPHIA -- Bell Atlantic Corp. and Nynex Corp. have agreed to conditions set by federal regulators in an effort to gain approval for Bell Atlantic's $23.7 billion purchase of Nynex.Federal Communications Commission Chairman Reed Hundt said yesterday that the agreement will clear the way for FCC approval, the last hurdle to the merger announced in April 1996.The companies said they expect the FCC to vote on the acquisition Monday.The agreement is expected to remove any concerns investors may have had that the transaction wouldn't be completed, said Tom Burnett, an analyst at Merger Insight.
Advertisement
BUSINESS
By Michael Dresser and Michael Dresser,Sun Staff Writer | August 9, 1994
The $12.6 billion merger of AT&T Corp. and the nation's largest cellular phone company, conditionally approved by the Justice Department last month, ran into a new obstacle yesterday as Bell Atlantic Corp. and Nynex Corp. filed a lawsuit seeking to squelch the deal.The suit, filed by the two regional Bell companies and their cellular subsidiaries under the Clayton antitrust law, asks the federal court in New York's Eastern District to issue an injunction forbidding AT&T's acquisition of McCaw Cellular Communications Inc.After a lengthy review, the Justice Department on July 15 announced a settlement under which it would let the merger proceed so long as AT&T took steps to ensure that the deal wouldn't have anti-competitive effects.
NEWS
By NEW YORK TIMES NEWS SERVICE | July 20, 1997
The Federal Communications Commission announced yesterday that it had reached a sweeping agreement with Bell Atlantic and Nynex to open their local telephone markets to competition, paving the way for government approval of their $22 billion merger.The FCC said Bell Atlantic and Nynex had pledged to meet an array of provisions -- most of them highly technical -- that would make it possible for would-be rivals like AT&T and MCI to offer local phone service in competition with the two companies up and down the Eastern Seaboard.
BUSINESS
By BLOOMBERG NEWS | July 22, 1997
PHILADELPHIA -- Bell Atlantic Corp. and Nynex Corp. have agreed to conditions set by federal regulators in an effort to gain approval for Bell Atlantic's $23.7 billion purchase of Nynex.Federal Communications Commission Chairman Reed Hundt said yesterday that the agreement will clear the way for FCC approval, the last hurdle to the merger announced in April 1996.The companies said they expect the FCC to vote on the acquisition Monday.The agreement is expected to remove any concerns investors may have had that the transaction wouldn't be completed, said Tom Burnett, an analyst at Merger Insight.
BUSINESS
By Michael Dresser and Michael Dresser,SUN STAFF | April 18, 1996
Shares in Bell Atlantic Corp. and Nynex Corp. bucked the market's downward trend yesterday and posted solid gains after the two telephone companies were reported to have resumed serious merger talks.Bell Atlantic's stock rose $1.625 to $61.875 and Nynex shares rose $2.25 to $53.625 even as the Dow Jones industrial average was dropping 70.09 points.The Wall Street Journal reported yesterday that Bell Atlantic might be able to announce as early as Monday that it would be acquiring Nynex, which serves New York and New England.
NEWS
By NEW YORK TIMES NEWS SERVICE | April 21, 1996
NEW YORK -- Bell Atlantic's directors voted yesterday to merge with Nynex, according to several people familiar with the discussions. The combination of the two regional Bell operating companies would create the nation's second-largest telephone company after AT&T.Although Nynex's board must still vote on the merger, people close to the companies said they expected it to be approved. Bell Atlantic Corp. and Nynex Corp. hope to announce the deal at a news conference in New York tomorrow.Yesterday's vote came after several hours of discussion.
NEWS
By Michael Dresser and Michael Dresser,SUN STAFF | April 2, 1996
A full-scale realignment of the nation's telecommunications industry got under way yesterday as SBC Communications Inc. and Pacific Telesis Group, two of the seven regional Bell companies created in the breakup of AT&T Corp., said they would merge.The surprise deal was the first big merger enabled by this year's new telecommunications law. It would create the nation's second-largest telecommunications company, with more than 100,000 employees and annual revenues of $21 billion. Itsterritory would include the nation's two most populous states, California and Texas.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | December 14, 1996
Continuing to back away from once highly publicized plans to enter the television business, Bell Atlantic Corp. and Nynex Corp. said yesterday that they are suspending their partnership with an upstate New York firm to develop "wireless cable" TV systems.The two phone companies invested $100 million last year in CAI Wireless Systems Inc., which has the rights to operate wireless cable systems that can carry more than 120 channels, in selected areas, including Baltimore.The two Bells also had entered a highly publicized venture with Pacific Telesis Group to fund Tele-TV, a company to devise programming for the system.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | February 11, 1997
NEW YORK -- As Bell Atlantic and Nynex closed in on their merger, a top Nynex executive abruptly resigned yesterday. Richard Jalkut, president and chief executive of Nynex's core telecommunications unit, said he would leave once the deal was completed, probably in April.Jalkut, a former president of New York Telephone, was to run network operations for the combined Bell Atlantic-Nynex. But he said the new assignment did not excite him, especially because he was already chief executive of the entire telephone business at Nynex, which involved both running the network and selling phone service to the public.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | February 11, 1997
NEW YORK -- As Bell Atlantic and Nynex closed in on their merger, a top Nynex executive abruptly resigned yesterday. Richard Jalkut, president and chief executive of Nynex's core telecommunications unit, said he would leave once the deal was completed, probably in April.Jalkut, a former president of New York Telephone, was to run network operations for the combined Bell Atlantic-Nynex. But he said the new assignment did not excite him, especially because he was already chief executive of the entire telephone business at Nynex, which involved both running the network and selling phone service to the public.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | December 14, 1996
Continuing to back away from once highly publicized plans to enter the television business, Bell Atlantic Corp. and Nynex Corp. said yesterday that they are suspending their partnership with an upstate New York firm to develop "wireless cable" TV systems.The two phone companies invested $100 million last year in CAI Wireless Systems Inc., which has the rights to operate wireless cable systems that can carry more than 120 channels, in selected areas, including Baltimore.The two Bells also had entered a highly publicized venture with Pacific Telesis Group to fund Tele-TV, a company to devise programming for the system.
NEWS
By Michael Dresser | April 23, 1996
Questions and answers about the Bell Atlantic-Nynex merger:What will this mean for Maryland telephone users?In the short term, very little.The merger is likely to have a negligible impact on local telephone rates, which are controlled by state regulators. It doesn't seem likely that the Maryland Public Service Commission would let Bell Atlantic pass along any costs of the merger. If anything, regulators might feel some of the claimed efficiencies of the merger should be shared with ratepayers.
NEWS
By NEW YORK TIMES NEWS SERVICE | April 21, 1996
NEW YORK -- Bell Atlantic's directors voted yesterday to merge with Nynex, according to several people familiar with the discussions. The combination of the two regional Bell operating companies would create the nation's second-largest telephone company after AT&T.Although Nynex's board must still vote on the merger, people close to the companies said they expected it to be approved. Bell Atlantic Corp. and Nynex Corp. hope to announce the deal at a news conference in New York tomorrow.Yesterday's vote came after several hours of discussion.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | April 20, 1996
Bell Atlantic and Nynex resolved the remaining management issues yesterday that stood in the way of their merger, an executive familiar with the talks said.While investment bankers for the companies were still negotiating about how to value the shares of Nynex, the executive said they had narrowed the gap to "a very small difference."Executives of Bell Atlantic and Nynex have begun briefing board members of both companies about the merger, which would create the nation's second-largest telephone company after AT&T.
BUSINESS
By Michael Dresser and Michael Dresser,SUN STAFF | April 18, 1996
Shares in Bell Atlantic Corp. and Nynex Corp. bucked the market's downward trend yesterday and posted solid gains after the two telephone companies were reported to have resumed serious merger talks.Bell Atlantic's stock rose $1.625 to $61.875 and Nynex shares rose $2.25 to $53.625 even as the Dow Jones industrial average was dropping 70.09 points.The Wall Street Journal reported yesterday that Bell Atlantic might be able to announce as early as Monday that it would be acquiring Nynex, which serves New York and New England.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | April 20, 1996
Bell Atlantic and Nynex resolved the remaining management issues yesterday that stood in the way of their merger, an executive familiar with the talks said.While investment bankers for the companies were still negotiating about how to value the shares of Nynex, the executive said they had narrowed the gap to "a very small difference."Executives of Bell Atlantic and Nynex have begun briefing board members of both companies about the merger, which would create the nation's second-largest telephone company after AT&T.
NEWS
By Michael Dresser | April 23, 1996
Questions and answers about the Bell Atlantic-Nynex merger:What will this mean for Maryland telephone users?In the short term, very little.The merger is likely to have a negligible impact on local telephone rates, which are controlled by state regulators. It doesn't seem likely that the Maryland Public Service Commission would let Bell Atlantic pass along any costs of the merger. If anything, regulators might feel some of the claimed efficiencies of the merger should be shared with ratepayers.
NEWS
By Michael Dresser and Michael Dresser,SUN STAFF | April 2, 1996
A full-scale realignment of the nation's telecommunications industry got under way yesterday as SBC Communications Inc. and Pacific Telesis Group, two of the seven regional Bell companies created in the breakup of AT&T Corp., said they would merge.The surprise deal was the first big merger enabled by this year's new telecommunications law. It would create the nation's second-largest telecommunications company, with more than 100,000 employees and annual revenues of $21 billion. Itsterritory would include the nation's two most populous states, California and Texas.
BUSINESS
By Michael Dresser and Michael Dresser,Sun Staff Writer | August 9, 1994
The $12.6 billion merger of AT&T Corp. and the nation's largest cellular phone company, conditionally approved by the Justice Department last month, ran into a new obstacle yesterday as Bell Atlantic Corp. and Nynex Corp. filed a lawsuit seeking to squelch the deal.The suit, filed by the two regional Bell companies and their cellular subsidiaries under the Clayton antitrust law, asks the federal court in New York's Eastern District to issue an injunction forbidding AT&T's acquisition of McCaw Cellular Communications Inc.After a lengthy review, the Justice Department on July 15 announced a settlement under which it would let the merger proceed so long as AT&T took steps to ensure that the deal wouldn't have anti-competitive effects.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.