

<head> Tipster Topic Description


<num> Number: 136


<dom> Domain: U.S. Economics 


<title> Topic: Diversification by Pacific Telesis


<desc> Description:

Document will report on attempts by Pacific Telesis to diversify beyond its 
basic business of providing local telephone service.


<smry> Summary:

Document will report on attempts by Pacific Telesis to diversify beyond its 
basic business of providing local telephone service.


<narr> Narrative:

A relevant document will give information on moves by Pacific Telesis to 
expand and diversify into information services, cellular radio, and other 
businesses outside its regulated activity of providing local telephone 
service in California and Nevada.  NOT relevant to diversification moves by 
Pacific Telesis is such information as developments in local telephone 
service, financial issues (telephone rates, stock prices, and earnings 
reports), legal actions, labor conflicts, etc.


<con> Concept(s):

1. Pacific Telesis

2. diversification, diversify, new business, subsidiary, acquisition, 
non-telephone operations, consortium

3. NOT local telephone service; NOT upgrades to regional telephone system; 
NOT telephone rates, stock prices, or earnings; NOT legal or regulatory 
actions; NOT labor conflicts; NOT personnel actions.


<fac> Factor(s):


<def> Definition(s):

Pacific Telesis: a San Francisco-based regional telephone operating company.
Pacific Telesis is one of the seven "baby bells" formed from the break-up of 
AT&T.  Along with Ameritech, Nynex, US West, Southwestern Bell Corp, Bell 
Atlantic Group, and Bell South Group, Pacific Telesis was given responsibility
for providing local telephone service in its assigned area, as well as 
afforded the opportunity of diversifying into a wide-range of other 
businesses, with some exceptions, such as the former Bell System's long 
distance service which was retained by AT&T.