SBC to buy PacTel for $24 billion
Article Abstract:
SBC Communications Inc announced on Apr 1, 1996, that it plans to purchase Pacific Telesis Group in a $24 billion stock and debt-assumption deal. If approved, the combined Baby Bell will be the second largest telecommunications firm in the US, with annual revenues of $21 billion.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1996
Mergers, acquisitions and divestments, AT&T Inc., SBC, Regional Bell Operating Companies, Pacific Telesis Group, PAC
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1996
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US West buys stake in Time Warner unit
Article Abstract:
US West gained a 25.5% stake in Time Warner Entertainment LP (TWE) for $2.5 billion. This arrangement allows US West to upgrade the cable networks of TWE and gain access to cable television programming.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
Radiotelephone communications, Telephone communications, exc. radio, Motion picture & video production, Finance, Investments, Cable television, U S WEST Inc., Time Warner Entertainment Company L.P.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
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Subjects list: Telecommunications services industry, Telecommunications industry
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