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AT&T sees need for speed
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September 10, 1998: 10:01 a.m. ET
Telecom giant reportedly set to unveil high-speed network for businesses
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NEW YORK (CNNfn) - AT&T Corp. is expected to launch a major high-speed communications service for its business customers within the next month, according to a published report Thursday.
The telecommunications titan is said to be preparing a new service that will let many of its 10 million business customers cut costs by combining their phone and computer networks, USA Today reported.
AT&T's service, code-named AT&T INC (Integrated Network Connect), would rival Sprint Corp.'s ION (Integrated On-Demand Network) service, which it unveiled three months ago. Sources close to the project told USA Today the network won't be available to customers until 1999.
CNNfn could not reach AT&T officials for immediate comment.
The system will use a technology called ATM (asynchronous transfer mode), which converts information into ones and zeros, breaks it into pieces, stamps them with an address and sends them into a shared transmission line.
ATM equipment can transmit video, audio and computer data over the same network and ensure that no single type of data hogs the line.
AT&T (T) shares closed at 55-3/4 in Wednesday trading. 
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AT&T
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