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By New York Times News Service | November 18, 1994
Tele-Communications Inc., the nation's largest cable television operator, said yesterday that it planned to reorganize itself into four separate business groups and issue stock in each of them.The parent company would continue to exist as a holding company with interests in each of the four divisions after spinning them off.The divisions would focus on domestic cable television and telephone operations, television programming, international operations and technology ventures.Shares in Tele-Communications, or TCI, have like other cable stocks, been depressed lately as federal reregulation of cable rates affects the company's earnings potential.
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BUSINESS
By Gus G. Sentementes, The Baltimore Sun | September 17, 2012
An activist investor's push for a sale or merger at TeleCommunication Systems Inc. may be gaining traction. J. Carlo Cannell has been accumulating shares and now holds a roughly 5.8 percent stake in the Annapolis company. In a letter to TCS last week, Cannell called for a sale or merger, citing the company's slumping stock price and lack of strategic direction. Such talk appears to be gathering momentum within the investment community, said analyst Scott Sutherland of Wedbush Securities, who has covered the company for several years.
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BUSINESS
By BLOOMBERG BUSINESS NEWS | December 5, 1996
DENVER -- Tele-Communications Inc. said yesterday it may spin off its international and programming operations to shareholders in an effort to boost the value of its stock.The nation's largest cable company said it may spin off its remaining 82 percent stake in Tele-Communications International Inc., its overseas cable and phone operations, to shareholders of Tele- Communications Inc. It may also spin off its programming arm, Liberty Media, to holders of Liberty Media stock, which is now a so-called tracking stock.
BUSINESS
Gus G. Sentementes | September 17, 2012
TeleCommunication Systems Inc. is an Annapolis company that's racked up a big portfolio of technology and intellectual property around text messaging and E-911 services. The company's got a mix of government and commercial customers, and it routinely wins multi-million dollar federal contracts. As a result, it's a big employer in the area. But its stock price isn't doing so well. After peaking nearly $10 in late 2009, it's now down to $2.23  as of this morning. And that's got J. Carlo Cannell, managing member of Cannell Capital, apparently worried enough to start pressuring TSYS to come up with a clearer vision, and consider a sale or merger.
NEWS
By Geraldine Fabrikant and Geraldine Fabrikant,New York Times News Service | October 13, 1993
In one of the largest corporate mergers in history, Bell Atlantic has agreed to buy both Tele-Communications Inc., the nation's largest cable operator, and its cable programming company, Liberty Media Corp., in a stock deal valued at more than $23 billion, three executives close to the negotiations said last night.The corporate marriage would be one of the first to take advantage of a regulatory environment that has become more receptive to telephone companies branching out into new businesses as a way to bring about a nationwide "superhighway" data communications network.
BUSINESS
By New York Times News Service | December 2, 1993
ANAHEIM, Calif. -- Leading members of the cable television industry, voicing fears of being swallowed by the country's telephone companies, yesterday announced a joint venture that would enable the cable companies to compete directly with the phone companies for a variety of local telecommunications services."
BUSINESS
January 20, 1995
TCI sets date for QVC offerPotentially forcing a showdown with the Federal Trade Commission, Tele-Communications Inc. said yesterday that it would complete its tender offer for QVC Inc. by Feb. 6.The FTC has been investigating the proposed $1.4 billion buyout of QVC by Tele-Communications and the Comcast Corp. Its staff members have indicated that they oppose the deal on antitrust grounds, and they question whether Tele-Communications should even hold its existing 22 percent stake in QVC.Tele-Communications and Comcast already own 35 percent of QVC, the home shopping channel based in West Chester, Pa. The companies plan to buy the remaining 65 percent of QVC for $1.42 billion, or $46 a share.
BUSINESS
By New York Times News Service | September 1, 1995
NEW YORK -- As Ted Turner left New York for his ranch in Montana, lawyers for Turner Broadcasting System Inc. and Time Warner Inc. continued to negotiate a deal yesterday in which Time Warner would acquire Mr. Turner's company.One executive close to the discussions said the two companies and Tele-Communications Inc., a key shareholder in Turner, had "agreed to the rough outline of a deal." But other executives cautioned that the fine points of an agreement would take several more days to work out."
BUSINESS
By New York Times News Service | August 5, 1994
NEW YORK -- QVC Inc. approved a $46-per-share takeover of fer yesterday from Tele-Communications Inc. and Comcast Corp. that values the home shopping channel at about $2.53 billion.After spending more than six hours yesterday analyzing and revising details of the deal, the QVC board accepted the all-cash offer for the 35 million shares not already held by Tele-Communications and Comcast. The companies had previously offered $44 a share. QVC has about 55 million shares outstanding.The takeover is expected to be completed within 30 days.
BUSINESS
By New York Times News Service | April 7, 1993
Shares of Turner Broadcasting System Inc. jumped yesterday on a report that two big shareholders, Time Warner Inc. and Tele-Communications Inc., were considering breaking up the company and buying out its chairman, Ted Turner. The stock retreated later in the day.A spokesman at Turner Broadcasting had no comment on the report, which appeared in the Wall Street Journal. But Mr. Turner has been exploring a number of options for the company's future, an executive close to Mr. Turner said.There has been speculation on Wall Street that Turner Broadcasting is talking with Paramount Communications, Capital Cities/ABC and other media companies.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 13, 2010
TeleCommunication Systems Inc. of Annapolis, which specializes in secure mobile communications for military and commercial clients, said Monday it plans to buy Trident Space & Defense LLC, of Torrance, Calif. Trident specializes in engineering and electronics solutions for global space and defense markets. The amount of the deal was not disclosed but TCS said it involved a mix of cash and three million shares of Class A common stock. Trident, which projects revenue of about $40 million for next year, is owned by Admiralty Partners Inc., a private equity firm.
BUSINESS
By Gus G. Sentementes | gus.sentementes@baltsun.com | February 15, 2010
TeleCommunication Systems Inc., an Annapolis-based mobile communication technology company, said Monday it deepened its relationship with a global map provider which supplies digital maps that underpin TCS's products. TCS signed an expanded agreement with Tele Atlas, a subsidiary of TomTom N.V., based in The Netherlands, that will enable the company to use global maps to underpin location-enhanced applications for mobile communications. TCS, which has had a relationship with Tele Atlas since 1999, had previously only used the company's North American maps.
BUSINESS
By Tricia Bishop and Tricia Bishop,SUN REPORTER | December 21, 2007
Seven months after a jury awarded it more than $12 million in a patent infringement lawsuit, Annapolis-based TeleCommunication Systems Inc. has filed a similar suit - this time against the makers of the addictive BlackBerry. The suit, which TeleCommunication said it filed yesterday in U.S. District Court for the Eastern District of Virginia, alleges that BlackBerry maker Research In Motion Ltd. is infringing upon a patent that governs the way wireless users access e-mail applications. It asks the court to award damages and issue an injunction to prevent RIM from further infringement.
BUSINESS
September 22, 1998
Annapolis-based TeleCommunication Systems Inc. said yesterday that the company has received $5 million in long-term financing from Tatonka Capital Corp., a private Denver investment company that focuses on start-ups with significant federal contracts.TCS, which is developing wireless and Internet communications products primarily for state and federal government agencies, said the capital would be used to further growth in the company's network and information technology businesses.Carol S. Hansen, president of Tatonka Capital, said TCS was an attractive investment opportunity because of its focus on developing wireless and Internet-based communications systems for the government contracting market, and its systems integration expertise.
BUSINESS
By BLOOMBERG BUSINESS NEWS | December 6, 1996
ENGLEWOOD, Colo. -- Tele-Communications Inc. said yesterday that it cut 2,500 jobs, or 6.5 percent of its work force, and froze or reduced salaries for up to 100 senior managers, including Chairman John Malone.The nation's largest cable-television operator said that, in an effort to cut costs, it also is reviewing expenses in its 1997 budget that aren't directly related to serving its 14 million cable .. TV customers.The company, which has the cable franchise in Baltimore City, said it is making the moves to stem losses, compete better and reduce its $14.5 billion debt.
BUSINESS
By BLOOMBERG BUSINESS NEWS | December 5, 1996
DENVER -- Tele-Communications Inc. said yesterday it may spin off its international and programming operations to shareholders in an effort to boost the value of its stock.The nation's largest cable company said it may spin off its remaining 82 percent stake in Tele-Communications International Inc., its overseas cable and phone operations, to shareholders of Tele- Communications Inc. It may also spin off its programming arm, Liberty Media, to holders of Liberty Media stock, which is now a so-called tracking stock.
BUSINESS
By BLOOMBERG BUSINESS NEWS | December 6, 1996
ENGLEWOOD, Colo. -- Tele-Communications Inc. said yesterday that it cut 2,500 jobs, or 6.5 percent of its work force, and froze or reduced salaries for up to 100 senior managers, including Chairman John Malone.The nation's largest cable-television operator said that, in an effort to cut costs, it also is reviewing expenses in its 1997 budget that aren't directly related to serving its 14 million cable .. TV customers.The company, which has the cable franchise in Baltimore City, said it is making the moves to stem losses, compete better and reduce its $14.5 billion debt.
BUSINESS
By New York Times News Service | September 1, 1995
NEW YORK -- As Ted Turner left New York for his ranch in Montana, lawyers for Turner Broadcasting System Inc. and Time Warner Inc. continued to negotiate a deal yesterday in which Time Warner would acquire Mr. Turner's company.One executive close to the discussions said the two companies and Tele-Communications Inc., a key shareholder in Turner, had "agreed to the rough outline of a deal." But other executives cautioned that the fine points of an agreement would take several more days to work out."
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