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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 89.89+8.0%Nov 21 9:30 AM EST
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To: Dick Enersen who wrote (7541)6/20/1999 8:57:00 AM
From: BillCh  Read Replies (1) of 28311
 
AT&T in discussions with Charter Communications, Adelphia Communications Corp., Comcast Corp. and Cox Communications Inc. to swap cable systems, AT&T spokesman Mark Siegel said. He confirmed comments by AT&T cable chief Leo Hindery in an interview with USA Today Friday.

AT&T said the deals could be forged by mid-July.

Exchanging assets would allow the companies to focus their operations in certain regions of the country rather than serving
far-flung areas. AT&T said if the talks are successful New York and Los Angeles would be the only major U.S. cities served
by more than one cable company.

AT&T, the No. 1 U.S. long distance phone company and No. 2 cable operator, said some of the swaps may include assets
controlled by MediaOne Group Inc., which AT&T plans to buy for about $58 billion.

AT&T recently acquired Tele-Communications Inc. and expects the MediaOne deal to close by the end of the first quarter of
2000. Through these deals, AT&T's cable operations will reach about 24.5 percent of U.S. households.

AT&T estimated that within a year, seven cable operators will serve about 93 percent of the nation's 67 million cable
customers.

Industry analysts have speculated that AT&T would undo some cable partnerships or affiliations to reduce its market share to
levels more palatable to regulators.

The Federal Communications Commission's cable ownership rules are currently in limbo, and it remains unclear what
percentage of market share AT&T and other cable operators will ultimately be allowed to control.
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