AT&T board to weigh spinoff of unit

Article Abstract:

AT&T's board will be meeting on Monday to consider divesting it's long-distance phone business. Chief C. Michael Armstrong feels that the $8 billion cash-flow from long distance isn't enough to notice an industry decline in long-distance profits. And AT&T Wireless is still negotiating a merger with Nextel Communications. AT&T is also imploring the Clinton administration to change ownership-limitation laws which would now force AT&T to divest part of MediaOne Group.

Wired Telecommunications Carriers, Long Distance Telephone Svc, Telephone communications, exc. radio, Cable TV Networks, Laws, regulations and rules, United States. Federal Communications Commission, Long distance telephone services, Nextel Communications Inc., NXTL, Cable networks (Television), Armstrong, C. Michael, AT and T Wireless Services Inc. Wireless Data Div.

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It's war, and the Web's future is the prize; titans circle around MediaOne

Article Abstract:

The takeover battle for MediaOne Group is becoming a fight for control of the future of the Internet and has drawn a number of firms with interests in cable television and the Internet into the fray. The bidding war has erupted in response to AT&T's unsolicited offer of $54 billion for the cable firm that trumped Comcast's original bid of lower value. Now, Microsoft Corp., America Online Inc. and Time Warner Inc. have emerged as potential players, particularly Microsoft, which is considering joining forces with Comcast to trump AT&T's offer. Microsoft greatly wishes to prevent AT&T from gaining cable access to over 60% of the nation's homes. The software firm has already invested in the future of high-speed Internet services, whether delivered by phone or cable lines. It also wants to gain the opportunity to supply software for set-top box technology for both Comcast and MediaOne's cable subscribers. America Online basically just wants to prevent AT&T from gaining a greater share of the cable market, which would allow it to dominate consumer access to the Internet through cable lines, thereby cutting the online service out of the market. Time Warner Inc.'s interests lie in MediaOne's ownership of 25% of Time Warner Entertainment.

Prepackaged software, Computer Software, Software Publishers, Acquisitions & mergers, On-Line Information Services, Telecommunications, Videotex & Teletext, Telegraph & other communications, Cable Television Systems, Telephone Communication, Usage, Computer software industry, Software industry, Software, Microsoft Corp., Online services, Internet services, Time Warner Inc., America Online Inc., AOL, Cable television, Broadband modems, Gates, Bill, Comcast Corp., CMCSA, Entertainment industry, World Wide Web, Allen, Paul (American entrepreneur), Time Warner Entertainment Company L.P.

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