After a long regulatory roadtrip, AT&T closes its $55 billion merger with Tele-Communications Incorporated. Already the leader in long distance, the company plans to enter the markets for local phone service, high-speed Net access, as well as cable television. Yet some analysts wonder whether the telecom giant will ignore the needs of smaller customers in favor of more lucrative business deals.
AT&T completes megamerger with TCI
update The companies close their $55 billion merger, a deal that will no doubt shake up the U.S. telecommunications market.
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