Printer Friendly

BELL ATLANTIC ACCELERATES NETWORK DEPLOYMENT; WILL ISSUE RFQ FOR NEW TECHNOLOGY PLATFORM THAT WILL OPEN DOOR TO NEW CUSTOMER APPLICATIONS AND REVENUE STREAMS

 PHILADELPHIA, Dec. 1 /PRNewswire/ -- Bell Atlantic Corporation (NYSE: BEL) said today that it will soon issue a request for quotations (RFQ) for a new video-capable technology platform that will accelerate the development of markets for video and interactive multimedia services.
 Under the new initiative, Bell Atlantic's enhanced network will pass 1.25 million homes by the end of 1995, with a significant portion of that work beginning next year. The company will equip 1.5 million more lines annually after that, and by the end of the year 2000 the network will pass 8.75 million homes.
 The RFQ, which will be issued next week, will focus on a new technology platform which will permit the company to stretch its current investment dollars and match them more closely with market opportunities to increase incremental revenues.
 The RFQ will call upon suppliers to devise switched, digital, fiber-based, integrated video and telephony solutions that the company can deploy swiftly.
 Bell Atlantic said it expects to award contracts in the first quarter of 1994.
 "By the end of 1998, we will have wired the top 20 markets in our mid-Atlantic service region," the company's Chairman and CEO Raymond W. Smith said. "That means we will be the first with services that customers can control, and that will give us the edge in what will be a highly competitive communications and entertainment marketplace.
 "This strategy will enable us to accomplish key goals: to stimulate the market for new interactive multimedia services, to grow revenues from what we call the `killer' applications, to strengthen our defenses against the thrusts of capable competitors and to produce returns worthy of any growth company.
 "This strategy also will ensure that we can enter this market fast through our programming unit, Bell Atlantic Video Services, and at the same time have sufficient network capacity to accommodate other video information providers."
 Among the first locations for the accelerated deployment will be Alexandria and neighboring areas of Northern Virginia and Montgomery County, Md., parts of New Jersey, and the Baltimore, Philadelphia, Pittsburgh and Norfolk, Va., areas.
 The company and Tele-Communications Inc. (NASDAQ-NMS: TCOMA) (TCI) previously had announced their intention to spend $15 billion over the next five years to rapidly build full service networks. About $10 billion-$11 billion of that will be spent in the Bell Atlantic territory.
 As the new networks come on line, Bell Atlantic will offer "killer" applications to its customers -- services with such universal appeal that they stimulate widespread customer acceptance of new technologies.
 "Starting late in 1994 and into '95, for example, we will use the platform to deliver basic cable services and the initial video-on-demand and interactive services over our integrated video and telephone network platforms," Smith said.
 "Then, in '95 and '96, we will offer a broader and more robust mix of services to penetrate the existing pay-per-view and video rental markets. This `virtual VCR' service will be a substitute for those existing markets and will offer customers more convenience and control over their video selections."
 The other big applications Smith cited are home shopping, transaction services and video games, which he noted will further substitute for existing customer markets. Other emerging markets will develop around telecommuting, health care and education, he said.
 "The accelerated technology platform deployment will be internally funded, and the company will generate increased cash flow from the new services we will deliver," Smith said. "That will mean added value for our shareowners."
 Bell Atlantic Corporation, based in Philadelphia, is the parent company of New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone (Delaware) and the Chesapeake and Potomac Telephone Companies of Maryland, Virginia, West Virginia and Washington, D.C., companies which provide a full array of local exchange telecommunications services in the mid-Atlantic region.
 Bell Atlantic also is the parent of one of the nation's largest cellular carriers and of companies that provide software, systems integration, and hardware and software service and support throughout the U.S. and internationally. In addition, Bell Atlantic International offers network services and consulting to telephone authorities throughout the world and owns an interest in Telecom Corporation of New Zealand.
 /delval/
 -0- 12/1/93
 /CONTACT: Eric Rabe, 703-974-3036, or Jay Grossman, 215-963-6521, of Bell Atlantic/
 (BEL TCOM)


CO: Bell Atlantic Corporation, Tele-Communications Inc. ST: Pennsylvania, Virginia, Maryland, New Jersey, Colorado IN: TLS CPR SU:

MP -- PH010 -- 9173 12/01/93 10:33 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 1, 1993
Words:731
Previous Article:JCPENNEY TO MARKET CATALOG MERCHANDISE THROUGH INTERACTIVE CHANNEL
Next Article:COMCAST TESTS ADVANCED TECHNOLOGY FOR PERSONAL COMPUTERS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters