Bell Atlantic Corp. is expected buy TCI in move valued at over $16 billion; announcement seen today; purchase would link Baby Bell, cable power

Article Abstract:

Bell Atlantic Corp is expected to announce plans to acquire Tele-Communications Inc (TCI), the largest cable operator in the United States, in a stock swap valued at more than $16 billion. Reportedly, the deal values TCI shares at $35 apiece and calls for Bell Atlantic to shoulder the cable operator's $10.3 billion in debt. TCI, which services 25 percent of all US cable subscribers, has systems in 48 states. The merger, if successful, would be one of the biggest in US corporate history, climaxing the recent shift from competition to collaboration between cable and phone companies. The deal adds a twist to the acquisition battle for Paramount Communications Inc. TCI is a key backer of QVC Networks Inc's $9.5 billion offer for Paramount, presented after cable operator Viacom Inc make a lower offer.

Telephone communications, exc. radio, Motion picture theaters, ex drive-in, Telephone companies, Bell Atlantic Corp., BEL, Telephone Company, Acquisition, Cable Television/Data Services, TCOMB

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Ma Cable? AT&T appears close to a deal to acquire TCI for $30 billion; a combination would give long-distance company route around Baby Bells; personal chemistry at the top

Article Abstract:

AT&T, the nation's largest telecommunications company, is negotiating to acquire Tele-Communications Inc (TCI), the largest cable-TV operator. If an agreement is reached, the resulting arrangement, valued at $30 billion, would provide AT&T with access to TCI's 22 million cable-equipped homes. AT&T would be positioned to deliver digital services and could offer long-distance and local telephone services, as well as cable and Internet services. Sources say a deal is nearly finalized and that AT&T is prepared to pay about $50 a share, mostly in stock, to acquire all of TCI's 622 million shares. The deal still has to be approved by regulators. On Jun 23, AT&T closed up 2.313 a share on the New York Stock Exchange, at $65.375. TCI closed up $3 a share on the Nasdaq Stock Market, at $38.69.

Telecommunications, Telephone Communication, TCOMA

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AT&T makes $54 billion unsolicited bid for MediaOne, in challenge to Comcast; cash and stock proposal offers rich premium to existing argument

Article Abstract:

AT&T made an unsolicited $54 billion rival offer for the cable broadcasting firm MediaOne Group, which is also being sought by Comcast. The AT&T bid is $6 billion higher and consists of cash and stock, as opposed to Comcast's offer which is all stock. C. Michael Armstrong of AT&T wants MediaOne because it holds assets is key cities that AT&T can use to build a national network. The move comes as AT&T is still integrating the assets of cable TV giant Tele-Communications Inc. which it purchased in the last year.

United States, MediaOne Group Inc., UMG, Cable television/data services

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