FCC is poised to approve AT&T-MediaOne deal

Article Abstract:

The Federal Communications Commission is expected to approve AT&T Corp.'s acquisition of the cable television MediaOne Group Inc., contingent on the communications giant's divestment of some cable TV assets. The proposed acquisition would make AT&T the nation's largest cable television provider. In order for the company to reduce its cable TV holdings to 30%, as required by the FCC, AT&T may sell its interest in Liberty Media Group or Time Warner Entertainment. Currently AT&T has spent $130 billion in acquiring assets, as its positrions itself to offer cable television and cable-based telephone and Internet services.

Cases, United States. Federal Communications Commission, Internet services, MediaOne Group Inc., UMG, Cable television/data services

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AT&T may sell Internet-access lines, including WorldNet to At Home Corp

Article Abstract:

AT&T Corp. is discussing selling its WorldNet service to At Home Corp. for $1 billion. Internet access service provider At Home Corp., which recently acquired Internet portal Excite Inc., would get 1.3 million residential and one million business accounts. AT&T would retain the equipment. This deal is contingent on AT&T receiving regulatory approval for its pending acquisition of cable service provider Tele-Communications Inc. TCI has a controlling stake in At Home.

Telegraph & other communications, Internet service providers, At Home Corp.

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Crossing wires; 'period of adjustment' faces AT&T and TCI, 2 very different sorts; Zeglis, cable firm's Hindery embody sharp contrasts in companies' cultures; how to address the board

Article Abstract:

The merger of AT&T Corp. and Tele-Communications Inc. poses some possibly problematic issues involving the very different corporate cultures of the two companies. The thorniest issue appears to be the very different management styles of AT&T President John Zeglis and TCI President Leo Hindery. AT&T's Zeglis reflects the reserved, by-the-book culture of his company, whereas TCI's Hindery is much more of a free-wheeling, independent-minded manager, reflecting the much looser approach of the cable television firm. However, AT&T Chairman and Chief Executive C. Michael Armstrong has decided to eliminate a possible point of contention by having Mr. Hindery report directly to the CEO, as Mr. Zeglis does, rather than to the AT&T President.

Acquisitions & mergers, Telecommunications, Telephone Communication, Management dynamics, Analysis, Management, Abstract, Corporate culture, Company organization, Armstrong, C. Michael, Zeglis, John D., Hindery, Leo J., Jr.

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