Money goin' out. (personal communications services)
Economist (US), The, March, 1994
MCI Communications plans to develop an ambitious personal communications services business, in cooperation with Nextel Communications and several other telecommunications firms. The effort will be costly, however, and it will take years for MCI to recoup its investment.
WHEN they are not fantasising about multimedia, America's telecoms firms dream about personal-communications services. PCS is the industry's master-plan for bringing mobile telephones to the masses. Based on digital technology, PCS should offer calls that are both crisper and cheaper than today's analogue cellular phones. This could swell the ranks of America's cellphone users to 90m by early next century, up from 15m today. Telecoms groups are lining up to bid for PCS licences, which the Federal...
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