AT&T seen buying $1bln in Motorola, GI goods - WSJ
NEW YORK, Sept 28 (Reuters) - AT&T Corp T.N, 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
GIC.N and Motorola Inc MOT.N 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. |
