Quantcast

Latest BellSouth Corp. Stories

2006-08-25 10:56:15

WASHINGTON (Reuters) - Verizon Communications and BellSouth Corp. will be asked by U.S. regulators to explain a new fee on high-speed Internet customers that replaces a government surcharge that ended this month, a source familiar with the matter said on Friday. Verizon and BellSouth, the No. 2 and No. 3 telephone carriers respectively, will be sent "letters of inquiry" to see whether the new charge complies with Federal Communications Commission rules that require "truth in...

2006-08-25 11:00:00

WASHINGTON (Reuters) - Verizon Communications and BellSouth Corp. will be asked by U.S. regulators to explain a new fee on high-speed Internet customers that replaces a government surcharge that ended this month, a source familiar with the matter said on Friday. Verizon and BellSouth, the No. 2 and No. 3 telephone carriers respectively, will be sent "letters of inquiry" to see whether the new charge complies with Federal Communications Commission rules that require "truth in billing," the...

2006-06-06 14:06:36

By Peter Szekely WASHINGTON (Reuters) - The American Civil Liberties Union on Tuesday said it asked federal regulators reviewing the proposed merger of two telephone giants to investigate a report they gave customer calling records to a U.S. spy agency. The ACLU said it reminded the Federal Communications Commission in a letter sent late on Monday that it has a statutory duty as part of its review of the AT&T Inc. takeover of BellSouth Corp. to investigate a report that the...

2006-06-06 11:24:37

By Peter Szekely WASHINGTON (Reuters) - The American Civil Liberties Union on Tuesday said it asked federal regulators reviewing the proposed merger of two telephone giants to investigate a report they gave customer calling records to a U.S. spy agency. The ACLU said it reminded the Federal Communications Commission in a letter sent late on Monday that it has a statutory duty as part of its review of the AT&T Inc. takeover of BellSouth Corp. to investigate a report that the...

3759de4784c9a7bd37915426910439c31
2006-03-24 17:53:16

LAS VEGAS -- Telecommunications providers like AT&T Inc. intensified their efforts this week to persuade US policymakers to avoid imposing regulations on the Internet for services like streaming movies and unfettered Web access. The "network neutrality" battle in Washington pits high-speed Internet operators against content and application providers. Network owners want to sell tiers of service to reflect bandwidth usage, while the content companies fear they will be shunted to the slow...

2006-03-07 14:48:20

By Jeremy Pelofsky WASHINGTON (Reuters) - The chairman of the U.S. Senate Commerce Committee said on Tuesday he has an open mind about AT&T Inc.'s proposed acquisition of BellSouth Corp. and is focused on competition to benefit consumers. "I'm going to keep an open mind about this," Sen. Ted Stevens told reporters after a hearing on rural telecommunications. "But I think we need to keep on the ball on this one: that is, to assure that the result of whatever mergers that take...

2006-03-06 12:20:00

NEW YORK -- AT&T Inc. expects to cut 10,000 jobs between 2007 and 2009 after its $67 billion acquisition of BellSouth Corp. has closed, AT&T said on Monday. The job cuts, which would represent about 3 percent of the combined work force, are part of AT&T's aim to save $18 billion after the merger, with average annual savings of $2 billion a year starting in 2008. Other savings would include cutbacks of as much as $500 million in annual spending on advertising as the company moves...

2006-03-06 11:52:49

NEW YORK (Reuters) - AT&T Inc., which has agreed to buy BellSouth Corp. for $67 billion in stock, on Monday said it expects to cut some 10,000 jobs between 2007 and 2009, once the acquisition has closed. The deal, announced on Sunday, would bring ownership of Cingular Wireless, the No. 1 U.S. wireless telephone company, under one roof, which Wall Street analysts have said would streamline management and allow one parent company to enjoy all of the financial benefits.

2006-03-05 15:27:40

By Jessica Hall and Jeremy Pelofsky PHILADELPHIA/WASHINGTON (Reuters) - AT&T Inc. said on Sunday it would buy BellSouth Corp. for $67 billion to expand its reach into the southeastern United States and acquire the rest of Cingular Wireless it does not already own. BellSouth shareholders will receive 1.325 shares of AT&T common stock for each common share of BellSouth. Based on AT&T's closing stock price on March 3, that equals $37.09 per BellSouth common share, a...

2006-03-05 14:36:56

PHILADELPHIA (Reuters) - AT&T Inc. on Sunday agreed to acquire BellSouth Corp. for about $67 billion, to expand its reach into the southeastern United States and acquire the rest of Cingular Wireless it does not already own. BellSouth shareholders will receive 1.325 shares of AT&T common stock for each common share of BellSouth. Based on AT&T's closing stock price on March 3, that equals $37.09 per BellSouth common share, a 17.9-percent premium. The long-awaited deal...


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
Related