View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 24, 1988

WESTERN UNION REPORTS DECLINE IN TELEX USAGE

By CBR Staff Writer

Facsimile is killing telex – and that’s official: Western Union Corp says that the year-on-year decline in telex usage has risen to 20% now from 10% last autumn, and the Upper Saddle River, New Jersey company is frantic to build new businesses to replace it: the company is getting out of the long-distance phone business, saying that with a few hundred business and 7,000 residential customers, it is too small to compete, and taking a $603m write down with its first quarter figures ahead of selling the business (see Company Results, page 3); apart from ITT World Communications, it will be left with its electronic mail, telegram, money transfer and fibre optic cable-laying businesses, and 2,000 miles of cable conduits under 85 cities that could carry fibre optic cables to compete with the local telephone companies.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU