AT&T weighs deals for Excite@Home stake.
Published:
12 October 1999 y., Tuesday
AT&T confirmed Thursday that it is considering possible business deals involving its interest in cable Internet company Excite@Home. The statement follows days of rumors that AT&T was negotiating to sell all or part of its Excite@Home stake. AT&T owns 26 percent of Excite@Home but controls a 58 percent voting stake. The content portion of the company has been in play for some time, according to industry sources, but no one-including Yahoo and Microsoft--has found the Web portal enticing enough as of yet to step forward and take it off AT&T_s hands. Yet AT&T continues to dangle Excite as the key that could allow any potential suitor access to its high- speed cable network, according to sources. That network is considered to be an important component in the future of a high-speed Internet. "Everybody_s been talking for months," one industry source said. "Nobody wants Excite, but they_re willing to take it to get access" to the high-speed network. Publicly, AT&T has offered little insight on any specific plans regarding the portal. "We have periodically explored, and we continue to explore, many alternatives with respect to our Internet strategy and our ownership interest in Excite@Home," the company said in its statement Thursday.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On August 4, the first chartered flight of "The Japan Airlines" will arrive from Tokyo in the Baltic States and land in Riga.
more »
1.6 billion rouble loan to overcome problems holding up expansion of city of Surgut
more »
Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden
more »
Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe.
more »
The European Commission's Digital Competitiveness report published today shows that Europe's digital sector has made strong progress since 2005.
more »
US President Barack Obama said that the economy was weaker than he thought when he took office, but there are signs of improvement.
more »
The EIB and UniCredit Group strengthen their cooperation to implement the Joint Action Plan of the largest multilateral lenders in Central and Eastern Europe who have committed to provide up to EUR 24.5 bn lending to the SME sector hit by the global economic crisis.
more »
Within the first half of 2009, AB Bank SNORAS earned LTL 24 million of unaudited profit.
more »
10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission today.
more »
SEB recently won awards for best consumer Internet banks in Lithuania and Latvia in a ranking presented by Global Finance Magazine.
more »