Additional 1.3 million residential customers for At Home.
Published:
29 January 1999 y., Friday
AT&T may sell its Internet-access business to At Home Corp. in a complex deal that would enable the long-distance telecommunications company to maintain much of its control over the business, according to a report in Friday_s Wall Street Journal. Under the potential deal, At Home would pay $1
billion in stock for AT&T_s WorldNet Internet service. At Home, which provides Internet service over cable television lines, would receive WorldNet_s 1.3 million residential customers and roughly 1 million business customers, according to the Wall Street Journal report. AT&T would continue
operating the network underlying the WorldNet service, the report said. The main goal behind the possible sell-off would be for AT&T to drop the Internet access business from its financial books, the report said. The deal is contingent on AT&T_s pending acquisition of Tele-Communications Inc.
expected to close next month.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Britney Spears filed a restraining order against paparazzi ex-boyfriend Adnan Ghalib and one-time manager Sam Lutfi.
more »
Murano glass is admired around the world for its refined beauty, but the credit crisis is threatening to shatter the fading Italian craft industry.
more »
The European Commission Representation in Ireland is currently hosting a photo exhibition entitled Another side to Afghanistan. This remarkable display gives an insight into what life is really like for Afghans living in rural areas.
more »
This year Lithuania's capital Vilnius and the Austrian city of Linz are the official “European Capitals of Culture”.
more »
Czech artist has created a provocative installation of contemporary art named «Entropy» using stereotypes to depict each of the EU's 27 members.
more »
Ten new stars will share the limelight at this year’s European Border Breakers awards.
more »
Designers unveil their 2009 fall and winter collections at Fashion Rio in Brazil.
more »
At midnight on 31 December, thousands of couples in the Austrian city of Linz began whirling to the sound of a Viennese waltz.
more »
Encouraging people to be as creative and innovative as possible in education, employment and cultural activities are three main aims of the European Year of Creativity and Innovation launched Wednesday.
more »
Artist Anatoly Konenko is making a big name for himself in the Russian art world with his work barely visible to the naked eye.
more »