If that is so, how can it be that AT&T has such a lousy
reputation whereas Verizon is well-liked?
(You can even check Consumer Reports, AT&T sucks.)
"Snuffelluffogus" <dar...@myway.com> wrote in message
news:5f063e31.04020...@posting.google.com...
"Snuffelluffogus" <dar...@myway.com> wrote in message
news:5f063e31.04020...@posting.google.com...
BIll
"Snuffelluffogus" <dar...@myway.com> wrote in message
news:5f063e31.04020...@posting.google.com...
They might have been confused about the landline business. Prior to 1984
AT&T (whose officiel name back then was The American Telephone & Telegraph
Company) owned the Bell System, including all of the local Bell Companies
(NJ Bell, Bell of Penna., New York Telephone, Pacific Bell). Under the
Modified Consent Decree, AT&T spun off the local Bell Operating Companies
into 7 regional "Baby Bells," and American Telephone & Telegraph took over
the long distance business. They also formerly changed their name to the
abbreviated "AT&T."
Verizon was formerly Bell Atlantic.
So, in a broadly-defined sense, Verizon is descended from AT&T, but that was
20 years ago, and it only was in regard to their landline business.
Cellular phones were not available back then. The local telephone companies
did offer Mobile Phone Service, but it consisted in a huge transmitter
placed in a vehicle's trunk, and the signal had to be high-powered, because
there were no cell towers all over the place. Bandwidth was extremely
limited, and only a handful of users could afford it. There was a mobile
operator that would place your calls. Some cities had rotary dial
available, but I do not remember how that worked.
The service was offered on the VHF band in the New York Metro Area, and you
could monitor both sides of a conversation by buying even a cheap VHF
Police-Type Radio. My recollection was that it was in the 172 MHZ frequency
range--not too far from where NOAA WeatherRadio transmits today.
To make matters more complicated, AT&T used to own ATTWS, but spun it off as
a separate stock several years ago. There was never any connection between
ATTWS and Verizon, even back in the days that AT&T owned ATTWS.
NOAA WEATHER IS ON 162.xxxMhz for broadcasts, links on 410-417Mhz to
transmitters
> To make matters more complicated, AT&T used to own ATTWS, but spun it off
as
> a separate stock several years ago.
The ONLY thing this peice of shit company "shares" with AT&T is the logo.
It's deceiving and done with purpose!!
"Jeremy" <jer...@nospam.thanks.com> wrote in message
news:QI9Wb.20737$GO6....@newsread3.news.atl.earthlink.net...
Huh?
--
John S.
e-mail responses to - john at kiana dot net
GTE had cell systems, as did Airtouch, and in quite a few cases, they were
both operating in the same market. San Diego, Seattle, and a few others
were situations where a divestiture of one system was a necessity to satisfy
the government. (There were also some Bell Atlantic systems that had to be
dumped as well)
ATT, Cingular, T-Mobile, and Alltel each picked up systems that had to be
spun off.
"John S." <sexyex...@aol.comspamfree> wrote in message
news:20040212191153...@mb-m20.aol.com...
"Terry Knab" <t...@nospam4meknab.org> wrote in message
news:q_UWb.23097$UN....@newssvr27.news.prodigy.com...
Reuters
UPDATE - Market braces for Vodafone $35 bln U.S. bid
Thursday February 12, 6:12 pm ET
By Kirstin Ridley, European Telecoms Correspondent
(Adds FT report that Vodafone will seek shareholder approval)
LONDON, Feb 12 (Reuters) - Mobile phone giant Vodafone Group (London:VOD.L -
News) failed on Thursday to douse speculation it had decided to launch a bid of
around $35 billion for U.S. rival AT&T Wireless (NYSE:AWE - News).
On the eve of Friday's 2200 GMT bid deadline, talk swirled that Vodafone had
called a board meeting to seek clearance for a bid that would trump an informal
$30 billion or $11-per-share cash offer from Cingular, the number two U.S. cell
phone group.
The market is braced for a stand-off between Vodafone's Chief Executive Arun
Sarin and Edward Whitacre Jr, the Texas-born head of U.S. carrier SBC
Communications Inc (NYSE:SBC - News), who controls Cingular with U.S. carrier
BellSouth Corp (NYSE:BLS - News).
Vodafone has told some of its institutional investors that it will seek
shareholder approval for its bid, the Financial Times reported on its Web site
on Thursday night.
Hopes of a Vodafone bid at between $12 and $12.5-per-share sent shares in AT&T
Wireless, the struggling third-ranked U.S. mobile group, surging to fresh
12-month highs. The stock stood 3.5 percent higher at $11.90 by Europe's market
close, valuing the group at around $31 billion.
But Vodafone, the world's largest mobile phone group with one of the industry's
strongest takeover records, insisted it was still exploring whether a deal with
AT&T Wireless was in investor interests. It declined to comment further.
"I think they will bid and I think they have to bid to win," said one financier.
"These things take management time. You have to talk to your partners. And if
you don't put your best foot forward, the other side will spot it pretty
quickly."
Vodafone's stock, which has fallen around seven percent on recent bid concerns,
closed 0.4 percent higher at 132.25p.
SHOWDOWN
A growing number of Vodafone investors believe Sarin will bid for an asset that
would give British-based Vodafone long sought-for control in the world's most
powerful economy and bring its brand across the Atlantic for the first time.
Market experts say a $30 billion-plus bid by financially- powerful Vodafone
might not even risk its "A" mid-investment grade credit rating. But some
analysts warned that outbidding Cingular, which can sweeten its bid with the
cost cuts it expects from merging two networks, would be tough to justify.
"It's sensible for Vodafone to look at the asset, because by submitting interest
it will gain access to the management accounts," said one fund manager, who
holds about one percent of Vodafone's stock.
"But they would have to make a very strong (investor) case to buy it...I am 99
percent convinced that Cingular will end up owning the asset. It has to be worth
more to Cingular."
Market reaction to any Vodafone deal, which analysts say could dilute earnings
for around four years, hinges in part on whether Vodafone can negotiate a
satisfactory price for its 45 percent stake in U.S. mobile market leader Verizon
Wireless.
The stake is valued at $20-25 billion. But an exit could leave Vodafone with a
tax bill of up to $6 billion, analysts and investors have said.
ITALIAN SWAP
However, analysts believe the tax hit could be eased if Vodafone struck an
Italian swap deal with U.S. partner Verizon Communications (NYSE:VZ - News),
which controls Verizon Wireless. Verizon could swap its 23.1 percent stake in
Vodafone-controlled Omnitel for part of Vodafone's Verizon Wireless holding.
Under its joint venture agreement, Vodafone also has a rolling option to sell up
to $20 billion of its Verizon Wireless stake back to Verizon Communications in
two tranches until 2007. It could also list the stake in an initial public
offering.
Cingular, meanwhile, has made no secret of its desire to win AT&T Wireless. It
says it can slash up to $3 billion in annual costs in a merger by cutting staff
and overlapping businesses.
SBC said in January the U.S. mobile industry, in which six major national brands
and a handful of regional players battle for market share, was ripe for mergers
-- and that it would consider certain purchases even if they hurt earnings.
A Cingular takeover of AT&T Wireless would eliminate one rival in one of the
world's most overcrowded mobile markets.
But if Vodafone plays to win, it could mark a return to empire building. Under
Sarin's predecessor Chris Gent, Vodafone won a reputation for aggression after a
$66.5 billion bid for U.S. mobile group AirTouch and a 180 billion euro takeover
of Germany's Mannesmann in 2000. All eyes are on Sarin.
Investors said they expected AT&T Wireless, which is 16 percent owned by Japan's
NTT DoCoMo (Tokyo:9437.T - News) and which put itself up for sale three weeks
ago, to announce an auction outcome on February 29.