Archives
GST Telecommunications Inc. filed for Chapter 11 bankruptcy protection and agreed to sell substantially all its assets to Time Warner Telecom Inc. for $450 million in cash.
May 18, 2000
Technology and the Internet
Antitrust lawyers at the Justice Department are in favor of approving two landmark telecommunication mergers without requiring major changes, sources close to the review process said Friday.
Oct. 1, 2005
Survey: The problems of WorldCom and other firms have wiped out more than 400,000 jobs and obliterated trillions in shareholder wealth.
June 30, 2002
Business
The phone is finally ringing for telecom mutual fund investors.
May 12, 1998
After a year in which record numbers of companies went bust trying to wire the world for the Information Age, Global Crossing Ltd.’
Jan. 29, 2002
Merger: Illinois firm, Applied Telecom, is the second buy announced in two days and the fifth this year.
April 14, 2000
ACLU, small telecom firms and Sprint fight the phone firm’s bid to acquire BellSouth.
June 7, 2006
They tell a House panel that three proposed deals would help the struggling industry become stronger.
March 3, 2005
Joseph Nacchio left the telephone company in 2002 amid accounting questions. Now, he’s a part of BCN Telecom.
July 13, 2004
The beleaguered telecommunications industry suffered another blow Monday as wireless equipment manufacturer Ericsson announced 17,000 new layoffs and Lucent Technologies Inc., the world’s largest maker of telecom gear, said it would eliminate an additional 6,000 jobs--a rout that is beginning to rival the dot-com meltdown of the last two years.
April 23, 2002