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Tele Communications Inc

CALIFORNIA | LOCAL
December 19, 1998 | DAVID COLKER, TIMES STAFF WRITER
The battle over the future of the Internet came home this week to Los Angeles, the city where it all began. It was "29 years ago almost to the day," noted Alan Arkatov, president of the city's Information Technology Agency, that the first letter, a single L, was typed at UCLA and received at Stanford over a computer network that grew to become the worldwide Internet.
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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.
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
July 1, 1998 | Bloomberg News
General Instrument Corp., a leading maker of channel selectors for cable television, said it will buy Tele-Communications Inc.'s channel security business in exchange for a 10% stake in General Instrument valued at $575.1 million. The companies first announced the transaction in December without providing terms.
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