Word: tci
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Dates: during 1990-1999
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...expected," concluded a senior vice president of Southwestern, based in San Antonio, Texas. This deal is the second to fall apart following the FCC announcement of another round of 7% cuts in cable rates. Bell Atlantic mentioned the rate cutbacks when it scuttled its planned $20 billion takeover of TCI last February...
With Nextel and its other new partners, however, MCI joins the intense jockeying for position on the information highway. For many companies, the jam-up has had an unnerving effect. Last month's breakup of the planned Bell Atlantic-TCI merger came about after the two sides failed to agree on a purchase price. Last week Liberty Media, which is controlled by TCI chairman John Malone, said it wants to form an alliance with Blockbuster Entertainment in a deal that could threaten the already shaky Viacom-Paramount-Blockbuster merger. Another contender, Time Warner, announced that an expected spring start...
...chairman Reed Hundt won't buy that. "Our decision did not make the future of the cable industry more uncertain," Hundt insists. "Our job is to protect the public interest and prevent cable companies from charging monopoly prices." The demise of the Bell Atlantic-TCI deal has certainly not cooled either company's ardor for future consolidations. They are still talking about possible cooperative ventures between them, and each firm is already eyeing prospective new partners. "There's plenty of adrenaline pumping here," Smith says. "We are a company on the prowl." So is TCI. No sooner had the merger...
Bell Atlantic and TCI abandon their $33 billion megadeal...
...Bell Atlantic-TCI Wedding...