AT&T appears close to a deal to acquire TCI for $30 billion
Article Abstract:
AT&T Corp. is engaged in serious talks to acquire Tele-Communications Inc. (TCI) for over $30 billion. AT&T is the largest telecommunications firm in the US, while TCI is the largest operator of cable television in the US. The deal would give AT&T access to 22 million households around the US that have cable service. The deal would also give AT&T a digital platform from which to sell long-distance and local phone service. The company will also be able to sell cable and Internet services from the platform.
Comment:
AT&T Corp. engaged in serious talks to acquire Tele-Communications Inc. (TCI) for over $30 billion
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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AT&T to acquire TCI for $37.3 bilion
Article Abstract:
AT&T has announced it has agreed to acquire Tele-Communications Inc. (TCI) for $37.3 billion in cash and stock, and the assumption of $11 billion in debt. The deal allows AT&T to aggressively pursue the $100 billion-a-year local-phone market after years of unsuccessful attempts on its own. The deal would combine the network capability and brand of AT&T with TCI's broadband cable wires in dozens of states and its programming assets that reach most of the nation's more than 65 million cable subscribers.
Comment:
AT&T to acquire TCI for $37.3 bil
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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