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
China's premier told the National People's Congress Thursday that the nation expects to achieve 8 percent economic growth this year.
more »
The European Commission is calling on EU leaders to further step up coordinated European action to fight the economic crisis.
more »
Biggest auto bosses except some changes in the car market, but despite this optimism, many say this could be last large-scale car show for several years.
more »
Taking into account changes in domestic money market AB DnB NORD Bankas, a member of international financial group, has changed corporate time deposit rates.
more »
A gradual increase in minimum tax rates on cigarettes, to at least €1.50 per pack by 2014, and other tobacco products, was backed by the Economic Affairs Committee on Monday, but it advocated smaller increases than those proposed by the Commission.
more »
About 2,000 Belgian postal workers marched in the centre of Brussels to protest over plans to privatise and reorganise the Belgian postal sector.
more »
In October last year Iceland suffered the most severe economic crash of any country during peacetime.
more »
ATMPortfoliosForSale.com, a site dedicated to the buying and selling of ATM businesses and portfolios, is reporting a drastic increase in ATM portfolio acquisitions.
more »
As the United States economy sinks further into recession fertility clinics have seen more women offering to donate their eggs for cash windfalls of up to 10,000 (USD).
more »
A group of financial experts has put forward 18 detailed recommendations to strengthen supervision of the EU’s financial institutions and markets.
more »