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
Early reviews of Harry Potter and the Order of the Phoenix said that JK Rowling's new novel, released on Saturday amid massive publicity, had recreated the magic formula which has seen the books become international bestsellers
more »
As much as Hollywood critics tend to spurn movies involving exploding zombies, video game critics appear to love them.
more »
So much for self-consciousness
more »
Turkey has won the annual Eurovision song contest in a nail-biting final vote
more »
Ringed by the crumbled walls of the Colosseum, Paul McCartney strummed his acoustic guitar and belted out Beatles tunes Saturday night
more »
The exhibition of "Khayyam and Nature" was opened by French artist Kamal Serbi in Iran's Cultural House in Paris
more »
Dutch Company Planning Investment in a Recreation Park in the Port City of Klaipeda
more »
The latest performances of the ballet come from the Latvian National Ballet
more »
The United States army ignored warnings from its own civilian advisers that could have stopped the looting of priceless artefacts in Baghdad
more »
Best Foreign Film award goes to Germany
more »