Sorry if this has already been posted. Found it on another thread:
08:28 PM ET 11/16/98SBC to expand Calif. high-speed Internet service
NEW YORK, Nov 16 (Reuters) - SBC Communications Inc.
plans to expand its existing high-speed Internet
service in California next year, SBC chairman Ed Whitacre saidMonday.
The service, which uses a technology known as Asymmetric
Digital Subscriber Line (ADSL), allows local phone service
providers such as SBC to deliver near-instantaneous Internet
access over standard phone lines.
"We're poised to make a large announcement in California,
putting ADSL in front of a million customers," Whitacre told
investors at the Warburg Dillon Read Telecom Conference in NewYork.
Whitacre said revenues per customer for ADSL service would
be about $50 to $60 a month, or more than double the rate
customers pay for slower speed, so-called "dial up" access,
that is the primary way computers users link to the Internet.
Separately, Whitacre said his company was "very, very
interested" in potential investments in cellular properties,
responding to a question about whether it would consider adding
additional cellular properties.
Whitacre said SBC's existing wireless operations continue
to grow despite competition and margins continue to remainstrong.
((New York Newsdesk (212) 859-1700)) |
