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Short Take: AT&T may not close MediaOne deal in first quarter

AT&T may not be able to close its pending deal with cable operator MediaOne Group until the second quarter of 2000, later than expected, people close to the situation said, according to the Wall Street Journal. Additional requests for information are reportedly slowing the regulatory review, the paper said. Separately, AT&T may issue a tracking stock for its fast-growing wireless unit, people familiar with the matter say. The phone company is expected to announce plans in a Dec. 6 conference call with analysts in New York.

AT&T may not be able to close its pending deal with cable operator MediaOne Group until the second quarter of 2000, later than expected, people close to the situation said, according to the Wall Street Journal. Additional requests for information are reportedly slowing the regulatory review, the paper said. Separately, AT&T may issue a tracking stock for its fast-growing wireless unit, people familiar with the matter say. The phone company is expected to announce plans in a Dec. 6 conference call with analysts in New York.