By Graham Hayday, 16 July 2001 07:38
NEWS AT&T will this week decide whether to engage in serious discussions with Comcast over its £28bn bid for the giant telco's cable TV networks business. John Malone, a major shareholder in AT&T, suggested that he would support Comcast's offer in principle, but at a higher price, this morning's Financial Times reports. Michael Armstrong, AT&T's chairman, also hinted that he would accept a better offer. The FT quotes Armstrong as saying that Comcast's bid "recognises at least some of the value we've created in AT&T Broadband. The question is whether it recognises all the value." But Comcast is not alone in eyeing up the business. Cox has been linked with a possible deal, along with Paul Allen's outfit Charter Communications.
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