comcast at&t division
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AT&T's Comcast deal may include $12bn debt swap
News AT&T agreed to sell its cable division to US rival Comcast last December after months of haggling over the price and terms of the deal. Comcast's stuttering deal to buy AT&T Broadband took another step forward yesterday with news that the... [13 Aug 2002]
AT&T warns of falling revenues
News The one positive note on the books was the continued rising revenues at AT&T Broadband - the unit which is being sold off to US cable operator Comcast for $72m. AT&T has added to the malaise over the telecoms sector by warning revenues for... [25 Apr 2002]
AT&T Broadband swings the axe
News The company denied the cuts are related to the broadband division's proposed merger with US cable giant Comcast. US-based AT&T Broadband is to cut 500 jobs in an attempt to shift its business focus. [20 Feb 2002]
AT&T inks $2.6bn deal with Accenture
News AT&T is now cut into four separately trading businesses: AT&T Wireless was spun off in 2001, AT&T Broadband plans to merge with its competitor Comcast, leaving AT&T Business Services and AT&T Consumer. [16 Jan 2002]
Markets poised for AOL profit warning
News At the end of last year AOL lost a bidding war with Comcast for AT&T's broadband division, leaving it with just half the subscribers of the new cable giant. Speculation is mounting that AOL Time Warner will unleash a profit warning on Monday at... [04 Jan 2002]
Comcast seals $72m AT&T deal
News US cable giant Comcast is set to take over AT&T's broadband division in a deal worth $72bn. The deal marks the end of a prolonged courtship, during which Comcast increased its bid several times, creating a cable giant with a subscriber base of... [20 Dec 2001]
Microsoft backs off in AT&T Broadband battle
News The Seattle giant has offered its conditional backing to both Comcast and Cox Communications - both rival bidders in trying to secure the division of the telco giant. Microsoft has backed off in the race to buy a stake in AT&T Broadband by... [05 Dec 2001]
AOL gets intimate with AT&T over sale talks
News AT&T originally planned to spin off its cable TV unit earlier this year, but postponed the move in July after rejecting a $44.5bn offer from US cable provider Comcast. Following the failed Comcast bid, AT&T set a 30 November deadline for... [16 Nov 2001]
AT&T chiefs ponder spin-offs
News Despite the reported interest, the only firm offer AT&T has so far received has been the rejected $53bn offer from Comcast for its broadband division in July. AT&T executives are expected to meet today to consider options for selling off... [20 Sep 2001]
Excite turmoil derails AT&T broadband sale
News AT&T has already turned down a $53bn bid from Comcast, and is now considering a demerger of the business - although the company hasn't ruled out a sale to another buyer. Fears of the demise of excite@home are having a knock-on effect on AT&... [22 Aug 2001]
Disney eyes AT&T Broadband
News AT&T last month rejected a $58bn hostile takeover bid from rival Comcast and opted to put the division up for sale. Disney is preparing to raise around $7.5bn through a shares issue, increasing speculation that it is poised to make a bid for AT... [21 Aug 2001]
AT&T reconsiders $53bn Comcast deal
News Comcast and AT&T are planning to resume discussions shortly over the future of the telco's broadband division. AT&T rejected a $53bn offer from Comcast for the business in mid-July, claiming the deal did not represent the true value of the... [02 Aug 2001]
AT&T meets AOL Time Warner
News According to reports, merger talks opened shortly after Comcast, AOL Time Warner's own cable division, made an unsuccessful $40bn stock-swap bid for AT&T Broadband. However, a potential deal could involve Comcast buying AT&T Broadband but... [25 Jul 2001]
AT&T hit by falling sales
News Earlier this month AT&T was subject to a $40bn offer for its cable television division from rival Comcast. AT&T, one of the world's largest telcos, is blaming a decline in its long-distance telephony business for falling sales. [24 Jul 2001]
AT&T rejects $53bn Comcast offer
News AT&T has rejected the $53bn bid from Comcast for its cable division. Cable firm Comcast had hoped a takeover of AT&T Broadband would move it from number three to top spot in the US market. Prior to Comcast's unsolicited offer AT&T had... [19 Jul 2001]
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