Wometco Cable Tv Inc

U S West to Buy Cable Properties: U S West Inc. is expected to announce a $1.2-billion purchase today of two Atlanta cable TV companies from investor Robert Bass. With the purchase, U S West, which provides local phone service in 14 states in the West, will have access to 466,000 cable subscribers, a prime base to launch a competitive phone service in metropolitan Atlanta. The deal involves a stock swap merger with Wometco and a cash purchase with debt assumption of Georgia Cable Television.

U S West to Buy Cable Properties: U S West Inc. is expected to announce a $1.2-billion purchase today of two Atlanta cable TV companies from investor Robert Bass. With the purchase, U S West, which provides local phone service in 14 states in the West, will have access to 466,000 cable subscribers, a prime base to launch a competitive phone service in metropolitan Atlanta. The deal involves a stock swap merger with Wometco and a cash purchase with debt assumption of Georgia Cable Television.

Texas financier Robert M. Bass, who controls a 21% stake in Taft Broadcasting, announced Tuesday that a Bass-led group has agreed to acquire Wometco Cable TV Inc. for $625 million in cash. Bass said his group expects to enlist Taft as a partner, as well as certain members of Wometco Cable's current management. Wometco operates the nation's 27th-largest cable-TV company, with about 350,000 subscribers concentrated largely in six Southeastern states.