AT&T seen buying $1bln in Motorola, GI goods
NEW YORK, Sept 28 (Reuters) - AT&T Corp (NYSE:T - news), the No. 1 U.S. long distance telephone company that is solidifying its position in providing Internet services, is expected to announce an equipment purchase from merger partners General Instrument Corp (NYSE:GIC - news) and Motorola Inc (NYSE:MOT - news) valued up to $1 billion, the Wall Street Journal said.
In Tuesday's online edition, the paper said AT&T plans to buy up to 2 million more cable-television set-top boxes from General Instrument Corp. and one million cable modems from Motorola Inc., which recently said it planned to buy GI for about $11 billion in stock.
The paper said the boxes, which would be in addition to the 6.5 million set-top boxes that AT&T already has committed to buying, would be equipped to handle new digital services.
The paper, which said the purchase was first disclosed in the trade press, added the Motorola modems that AT&T is expected to buy would be delivered over the next several years, as AT&T continues to upgrade its cable-TV networks and launch new digital services.
AT&T could not immediately be reached for comment.
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