Long-distance firm guns for local market, Internet

Article Abstract:

AT&T announced a plan to acquire cable television giant Tele-Communications Inc. for $32 billion. The development marks AT&T's entry into the digital age, with an attack on the local phone market and the Internet. AT&T will invest substantially to build a high-speed network capable of carrying voice, video and other kinds of digitized information on a single line into a customer's home or office. According to Michael Armstrong, AT&T's chairman and CEO, the move marks AT&T's aggressive attack on the nation's telecommunications market. The acquisition of TCI will give AT&T access to the former's 10.5 million subscribers in major markets such as Chicago, IL, and San Francisco, CA.

Comment:

Announces plan to acquire cable television giant Tele-Communications for $32 billion

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Skepticism dogs AT&T-TCI deal

Article Abstract:

AT&T Corp.'s $32-billion stock acquisition of Tele-Communications Inc. (TCI) is hounded by skepticism as AT&T's stock has dropped. TCI CEO John Malone said it was a mistake for the two companies to announce their merger before ironing out all the terms for creating a tracking stock for AT&T's consumer services division. He, however, remains confident AT&T shareholders will support the deal, particularly as they learn more about the terms. To simplify the pact, Malone recently consolidated some properties that TCI controls.

Comment:

Its $32-bil stock acquisition of Tele-Communications Inc is hounded by skepticism as the company's stock drops

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Comcast deal bodes well for rest of AT and T

Article Abstract:

Comcast Corp. acquisition of AT and T reaps unexpected benfits. Company officials say that with the drop in company debt and infusion of Comcast Corp. cash, divisions within AT and T will be able to offer improved and new services fir the Internet and phone services.

Strategy & planning, Telephone communications, exc. radio, Cable and other pay TV services, T, Comcast Corp., CMCSA, Company Profile, AT and T Corp., AT&T Comcast Corp.

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