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AT&T racing for the "last mile"

The telco giant seems to be making a play to circumvent the Baby Bells with cable, and Wall Street and regulators are watching.

As AT&T's buying frenzy switches into high gear, the telco giant is rumored to be close to a deal with Time Warner to provide phone services over the media company's cable wires. AT&T seems to be making a play to circumvent the Baby Bells in its race to reach the "last mile" into homes, and Wall Street and regulators are watching closely.

Cable: An end run for AT&T?
update | news analysis Ma Bell, looking to offer local phone service nationwide, will need all the regional partners it can get--and cable seems to be at the top of its agenda.

AT&T, Time Warner deal close
The two firms are close to an agreement for the telecommunications giant to provide phone service over the media company's cable wires.

AT&T stock touches new high
Shares close nearly 6 percent higher at 71, one day after news of a $5 billion deal to buy IBM's Global Network international data business.

Administration blasts Baby Bells' "stall ball"
A key Clinton adviser lashes out at the Baby Bells for dragging their heels in opening their local territories to rivals.

FCC may not make AT&T, TCI open pipes
Federal regulators may not require AT&T and TCI to give ISPs unfettered access to their high-speed connections as a condition for approving their $50 billion merger deal.