- NYNEX INCREASES FOCUS ON EMERGING MARKETS - Creates Asia Communications Group, Names Officer - Expands Worldwide Group to Include Media Interests -.NEW YORK--(BUSINESS WIRE)--Sept. 21, 1995-- NYNEX NYNEX New York-New England & X for the Unknown (Telephone Company) NYNEX New York Network Exchange (NYSE NYSE See: New York Stock Exchange :NYN NYN New York News ) announced today the creation of a new business group -- NYNEX Asia Communications Group -- to focus its resources and build on its success in the world's most explosive growth market for communications services. At the same time, NYNEX also said it is expanding its Worldwide Services Group, and renaming it the Worldwide Communications and Media Group, to concentrate its resources on opportunities in emerging high-growth media and information services See Information Systems. markets. The president of NYNEX Asia Communications will be Arthur J. Troy, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of TelecomAsia, NYNEX's joint venture in Thailand. He will report to Frederic V. Salerno, NYNEX vice chairman - Finance and Business Development. Richard W. Blackburn, president and group executive of NYNEX Worldwide Communications and Media Group, adds responsibilities for wireless cable television and for entertainment and information services. He will continue to have responsibility for NYNEX CableComms, the corporation's cable television and communications subsidiary in the United Kingdom, as well as wireless, publishing and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . "With these changes, NYNEX is aligning itself more closely with its future strengths and market opportunities, and positioning itself to succeed in a global, digital media environment," said Ivan Seidenberg Ivan G. Seidenberg (born December 10, 1946) is the CEO of Verizon Communications. As chairman and chief executive officer of Verizon Communications Inc., formerly Bell Atlantic and previously NYNEX, Seidenberg steered those companies through two of the largest , NYNEX chairman and chief executive officer. Seidenberg noted that Asia -- with three of the world's most populous nations having less than one telephone line per 100 people -- is the highest-potential telecommunications growth region in the world, and that NYNEX is already a major player in the region, with partnerships and joint ventures building a total of nearly 3 million lines in Thailand, the Philippines and Indonesia. "NYNEX is pursuing a high-growth strategy in Asia, and our new business group will enable us to focus the resources and leadership attention necessary to achieve the extraordinary promise and full value of our investments there," he said. "Fred Salerno has been the architect of our strategy and our relationships in the region, and Art Troy has turned TelecomAsia's commitments into reality. They will make a first-class team." Seidenberg noted that NYNEX also has numerous opportunities in emerging industries -- notably cable television, entertainment and information services, and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. -- and that reorienting NYNEX's Worldwide group will ensure that the corporation's assets and relationships with its numerous new partners will be most effectively managed. The Worldwide Communications and Media Group will bring together media businesses -- NYNEX Entertainment and Information Services, NYNEX CableComms (its United Kingdom cable TV and telecommunications subsidiary), and NYNEX's interest in wireless TV provider CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction -- with information and entertainment providers, including NYNEX Information Resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. Company, and NYNEX's strategic relationships with Viacom and TELE-TV. The expanded Group also will unify NYNEX's wireless communications interests -- Bell Atlantic NYNEX Mobile, NYNEX's Greek cellular partnership in STET Hellas, and its national alliances with Bell Atlantic, AirTouch and US West in two companies called PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. PrimeCo and Tomcom. The Group will continue to include NYNEX's communications operations outside of Asia and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including FLAG (Fiberoptic Link Around The Globe), which is building the world's longest undersea fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power . NYNEX provides a full range of communications services in the northeastern United States and selected markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland and the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. . The company has expertise in telecommunications, cable television, directory publishing, video entertainment, and information network and delivery services. NOTE: descriptions of NYNEX Asia Communications and NYNEX Worldwide Communications and Media Group follow. -0- NYNEX Asia Communications NYNEX is a major communications provider in Asia, with joint ventures in Thailand, Indonesia and the Philippines, as well as under Asian seas: o Thailand: through TelecomAsia, its joint venture with the Charoen Pokphand The Charoen Pokphand Group is the largest business conglomerate in Thailand. Its chief subsidiary is Charoen Pokphand Foods, which did 116.5 billion baht in revenue in 2005, earning a profit of 6.747 billion baht. (CP) Group, one of Thailand's largest conglomerates, NYNEX is constructing and operating a 2 million-line telecommunications network -- the size of Manhattan's. TelecomAsia also has received government approval to build an additional 600,000 lines. A TelecomAsia subsidiary also is providing cable TV services in Bangkok over its fiber backbone network. o Indonesia: NYNEX is a partner in network construction projects building more than 200,000 lines and providing network monitoring and management systems. o The Philippines: NYNEX and its partners in Bayan Telecommunications Holdings Corp. hold licenses to install a minimum of 300,000 telephone lines in metropolitan Manila and the Philippines provinces. NYNEX also is the managing sponsor of FLAG (Fiberoptic Link Around the Globe), a worldwide project with particular value to Asia. FLAG will link Japan, China, Hong Kong, India and Thailand with landing points in the Middle East and Europe. NYNEX's co-sponsors in FLAG are from Japan, Thailand, Hong Kong, Saudi Arabia, and the United States. NYNEX Worldwide Communications & Media Group NYNEX's Worldwide Communications and Media Group concentrates NYNEX's business units, partnerships and alliances in worldwide media and communications. Business units and relationships include: o Cellular: Bell Atlantic NYNEX Mobile (East Coast cellular joint venture); PCS PrimeCo and Tomcom (national PCS and cellular alliances with Bell Atlantic, AirTouch and US West); STET Hellas (Greek partnership with Italian conglomerate STET). o Entertainment and information services: NYNEX Entertainment and Information Services; NYNEX Information Resources Company (domestic and international directory and multimedia publishing); TELE-TV (strategic alliance with Pacific Telesis and Bell Atlantic); Viacom (strategic relationship). o Worldwide communications, including cable TV: NYNEX CableComms (UK cable TV and telecommunications subsidiary); CAI (joint interest with Bell Atlantic in wireless TV provider); FLAG (Fiberoptic Link Around the Globe) (undersea fiber optic cable); and Gibraltar NYNEX Communications. CONTACT: NYNEX, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of David Frail, 212/395-0500 |
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