AT&T's announcement today to buy Tele-Communications Incorporated is another
tangible sign of PC-TV convergence. The companies aim to create a
"one-stop" shop for cable television, phone, and Internet access for
consumers, perhaps controlled from a next-generation set-top TV box. They
face intense competition, however.
AT&T buys TCI in $48 billion deal|
AT&T has agreed to acquire
Tele-Communications Inc. in an all-stock deal
valued at about $48 billion.
Buy wins AT&T stake in @Home
The alliance is expected to play a pivotal role in
AT&T's strategy to expand its Net access and
provide local phone service via cable.
AT&T-TCI merger faces hurdles
Regulators are likely to closely scrutinize the
buyout, and both telco and cable TV competitors
may raise objections that the merger is