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AT&T acquired TCI in a $48 billion all-stock transaction including the assumption of $16 billion of debt. AT&T acquired MediaOne for $54 billion in cash and stock, after a bidding war with Comcast. In 1998, the company took over Teleport Communications Group, a company founded in 1985 to compete with New York Telephone Company using fiber ...
Tele-Communications, Inc. (TCI) was a cable television provider in the United States, and for most of its history was controlled by Bob Magness and John Malone. The company was started in 1958 in Bozeman, Montana as Western Microwave, Inc. and Community Television, Inc., two firms with common ownership. [1]
In the summer of 2000, AT&T Broadband purchased the cable television system serving the city of Boston, then controlled by New York-based Cablevision, for $1.1 billion in stock, cash and a trade of other cable systems. The deal effectively made the Boston/New England region MediaOne's largest clustered market.
The broadband war is widening. Recently, AT&T announced plans to bring service to five new markets for a total of 212, CNET reports. AT&T's expansion covers two cities in Texas (Jacksonville and ...
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On November 18, 2005, SBC completed its acquisition of AT&T Corp. to form AT&T Inc. Nevada and Pacific Bells are now known as Pacific Bell Telephone Company d/b/a AT&T California and Nevada Bell Telephone Company d/b/a AT&T Nevada. Pacific Telesis' companies as a whole business are known as AT&T West.
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AT&T acquired NCR Corporation in 1991. AT&T announced in 1995 that it would split into three companies: a manufacturing/R&D company, a computer company, and a services company. NCR, Bell Labs and AT&T Technologies were to be spun off by 1997. In preparation for its spin-off, AT&T Technologies was renamed Lucent Technologies. Lucent was ...