AT&T chief says he can defend deal

Article Abstract:

The head of the AT&T Corporation, C. Michael Armstrong, stated that he can justify the company's proposed acquisition of Tele-Communications Inc. (TCI), the second largest cable television company in the US. AT&T has proposed to acquire TCI for $31.8 billion. AT&T investors have raised concerns over the deal. However, the proposal is reflective of AT&T's more aggressive strategy of forming partnerships and acquisitions.

Comment:

Head of the AT&T, C. Michael Armstrong, stated that he can justify the company's proposed $31.8 billion acquisition of TCI

Asset sales & divestitures, Acquisitions & mergers, Cable Television Systems, Cable Networks, Media Planning/Goals, Media Formation/Mergers, Cable television broadcasting industry, Cable television, AT&T Broadband and Internet Services Inc.

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AT&T is seen in a global joint venture

Article Abstract:

AT&T Corporation is close to reaching an agreement with British Telecommunications PLC to establish a joint venture that will provide services for multinational business customers. The venture is an attempt by AT&T to expand its operations outside of the US. The proposed venture could be the foremost telecommunications venture in the world. British Telecom is the largest communications firm in the UK.

Comment:

AT&T close to reaching an agreement with British Telecommunications to establish a global joint venture

United Kingdom, Joint ventures, Company Planning/Goals, Geographic, British Telecommunications PLC

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