Newbridge Networks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks

NN 15.87

+2.5%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pat mudge who wrote (9035)	1/13/1999 4:12:00 PM
From: zbyslaw owczarczyk	of 18016

Pat,this is US West ann. about capital spending: Zybslaw US West plans technology upgrade DENVER (Reuters) - U S West, the regional telephone service provider, said Thursday its New Year's resolutions include investing $3 billion in wireless and wireline data services and accelerating technology upgrades and Internet services. The Baby Bell plans to upgrade fiber networks across its 14 state region in order to speed up its ability to offer high-speed data services to customers. U S West also plans to expand its ''MegaBit Services'' high-speed Internet access service to greater numbers of customers, expand its PCS wireless service to reach more customers and integrate Internet access with wireless phones. ''1999 promises to be a breakthrough year -- one that brings together the freedom of wireless and the power of the Internet for customers at home or at work,'' President and Chief Executive Solomon Trujillo said in a statement. The company said it will also step up efforts to win regulatory approvals to offer long-distance service in its home region, a move the Bell's have been blocked from making until they can demonstrate to the Federal Communications Commission that they have opened their local lines to competition. About 109 companies are now competing with U S West in local phone service, the company said, who can access 8.5 million customers through connections with its network. ''As we enter 1999, it's critical for state and federal regulators to recognize that the local phone network is indeed open to competition,'' Trujillo said. (Reuters/Wired)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next