AT&T tries again to clarify TCI deal

Article Abstract:

Amid falling stock prices, AT&T Corp. met with the press and expert analysts for the second time in a week in an attempt to further explain the technological processes involved with its recently-proposed $37.3 billion acquisition of Tele-Communications Inc. Analysts questioned the high costs involved with AT&T upgrading TCI's one-way network to handle the two-way transmission of calls and data. Additionally, the expensive converting boxes that will need to be installed in homes are not yet even commercially available. Combining AT&T's phone network with TCI's cable system is widely seen as the most challenging integration effect yet undertaken in the telecommunications industry. Experts still have hard questions about how AT&T will also overcome such challenges as developing back-up power systems and setting up complex billing systems for calls, construction and maintenance of the new system.

Comment:

AT&T tries to answer analysts' questions on the feasability of its proposed acquisition of TCI

Strategy & planning, Cable Television Systems, Cable Networks, Company Planning/Goals, Public affairs, AT&T Corp., Cable television broadcasting industry, Cable television, AT&T Broadband and Internet Services Inc.

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Brazil's Telebras sell-off is a ringing success

Article Abstract:

The 12 operating units that made up the remaining interest in Telecomunicacoes Brasileiras SA have been sold by the Brazilian government for $18.85 billion to a group of investors dominated by European companies. A consortium led by Telefonica SA of Spain agreed to pay $4.94 billion for control over Telesp's fixed-line business in Sao Paulo. MCI Communications Corp. agreed to pay $2.2 billion for Embratel's long-distance business, beating out rival Sprint Corp. Another consortium led by Andrade Gutierrez SA agreed to pay $2.93 billion for Rio de Janeiro's fixed-line business.

Comment:

Agrees to pay $2.2 billion for Embratel's long-distance business

Foreign operations, Communications, Broadcasting and Telecommunications, Spain, Brazil, Licensing/Sales Agreements, Telecommunications industry, Telefonica S.A., MCI Communications Corp., Telecomunicacoes Brasileiras S.A.

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