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
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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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
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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