At one time, AT&T and MCI were the telecommunications industry’s most influential service providers. As part of a recent period rife with dramatic market changes, the former is in the process of being acquired by SBC Communications and the latter by Verizon Communications. “Revenue and profit margins have been rapidly shifting throughout the long distance market, and unfortunately AT&T and MCI did not keep pace with the changes,” said Victor Schnee, president of Probe Financial Associates.
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Merger Mania Sweeping Telecom Space
Posted by: Paul Korzeniowski May 27, 2005 05:00 AMAt one time, AT&T and MCI were the telecommunications industry’s most influential service providers. As part of a recent period rife with dramatic market changes, the former is in the process of being acquired by SBC Communications and the latter by Verizon Communications. “Revenue and profit margins have been rapidly shifting throughout the long distance market, and unfortunately AT&T and MCI did not keep pace with the changes,” said Victor Schnee, president of Probe Financial Associates.