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BUSINESS
December 5, 1998 | From Reuters
The European Commission said on Friday it had opened an in-depth probe into the proposed joint venture between AT&T Corp. and British Telecommunications. At the same time, it cleared a separate $48-billion merger between AT&T and U.S. cable giant Tele-Communications Inc., saying their union would have little impact on competition in Europe.
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BUSINESS
November 19, 1998 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a move aimed at improving local cable service, Tele-Communications Inc. and Century Communications Corp. have finalized an agreement to pool their subscribers in Southern California to speed the roll-out of new services, including high-speed access to the Internet and telephone calling.
BUSINESS
July 15, 1998 | TOM PETRUNO
AT&T Corp.'s board is scheduled to meet today amid rising speculation that the company will revise the structure of its planned combination with cable TV giant Tele-Communications Inc. Many big institutional investors are clamoring for AT&T to go much further than planned in carving out the cash-hungry consumer cable and long-distance businesses after the merger to protect the earnings of the profitable AT&T business services unit. Some investors now believe that AT&T Chief Executive C.
BUSINESS
July 15, 1998 | TOM PETRUNO
AT&T Corp.'s board is scheduled to meet today amid strong investor pressure to revise the structure of the company's proposed combination with cable TV giant Tele-Communications Inc. Many big institutional investors are clamoring for AT&T to go much further than planned in carving out the cash-hungry consumer cable and long-distance businesses after the merger to protect the earnings of the profitable AT&T business services unit. Some investors now believe that AT&T Chief Executive C.
BUSINESS
July 14, 1998 | From Times Staff and Wire Reports
Tele-Communications Inc. Chairman John Malone conceded that the sharp drop in AT&T Corp.'s stock price could kill the telephone company's $44-billion acquisition of his cable television company. A published report Monday quoted Malone as saying he was worried that AT&T shareholders might reject the takeover because of the deal's complexity and a dilution in the value of their holdings. "It scares me to death to see their stock going down," Malone told Broadcasting & Cable, a trade publication.
BUSINESS
July 8, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
AT&T Corp. Chairman C. Michael Armstrong on Tuesday said he will not renegotiate his proposed $44-billion purchase of cable giant Tele-Communications Inc., despite a big decline in AT&T's stock price and misgivings within TCI. Since AT&T agreed on June 24 to buy TCI, the long-distance giant's stock price has fallen 14% as Wall Street has turned thumbs down on the deal, originally valued at $48 billion.
BUSINESS
July 6, 1998 | JUBE SHIVER JR.
Investors have given a cold shoulder to AT&T's proposed acquisition of cable giant Tele-Communications Inc., believing that upgrading TCI's aging cable systems for phone service and Internet access will prove complex and costly for AT&T. That may be true. But one aspect of the deal that has been overlooked by many analysts is that the kind of customers that AT&T would acquire--cable TV and Internet subscribers--tend to be a lot more loyal than long-distance customers.
BUSINESS
July 3, 1998 | SALLIE HOFMEISTER, TIMES STAFF WRITER
To protect its existing, risk-averse shareholders from the uncertainties of the residential cable and local telephone businesses, AT&T is likely to retain little or no economic interest in a new Consumer Services subsidiary formed as part of its proposed $43-billion acquisition of Tele-Communications Inc., according to Leo Hindery, TCI president and designated president of the new group.
BUSINESS
June 28, 1998 | TOM PETRUNO
There was a great time for everyone--including AT&T Corp.--to be buying shares of cable TV titan Tele-Communications Inc. But it wasn't last week. That great opportunity occurred between October 1996 and April 1997, when TCI's stock languished between $11 and $15 a share, far below the $45-or-so per share that AT&T last week agreed to pay in a blockbuster $46-billion takeover bid.
BUSINESS
June 27, 1998 | From Associated Press
Stung by a continuing plunge in its stock, AT&T Corp. on Friday went out of its way to reassure investors that its $46.5-billion merger with Tele-Communications Inc. wasn't too expensive. Just two days after explaining the deal to financial analysts, AT&T was back on the phone.
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