AT&T Chairman takes active role in TCI - WSJ
NEW YORK, Feb 12 (Reuters) - AT&T Corp Chairman C.
Michael Armstrong will take the lead role in running
Tele-Communications Inc. following AT&T's acquisition
of the cable giant, the Wall Street Journal said Friday.
Armstrong told the Journal in an interview that he will
become more involved in overall day-to-day operations,
including the soon-to-be merged TCI, while relinquishing some
of his broad oversight duties.
Armstrong said TCI President Leo Hindery will report
directly to him, instead of AT&T's President, John Zeglis, as
was previously announced, the paper said.
Armstrong will also oversee AT&T Business Services, which
sells telecommunications services to businesses, and AT&T
Solutions, the company's network outsourcing business, as well
as network, technology and finance operations, the paper said.
Hindery will head AT&T Broadband services, AT&T's
cable-phone ventures, the paper reported.
Though Zeglis is giving up responsibility for AT&T's
cable-TV operations, he will expand his duties elsewhere. His
new duties include oversight of AT&T's joint venture with
British Telecommunications Plc., and the company's legal,
governmental and public affairs, the paper said.
Zeglis will continue to be in charge of AT&T's wireless
unit, its long-distance division, and its efforts to sell
AT&T's services in bundles, including cable offerings.
Armstrong denied that the changes are related to reports
that Zeglis and Hindery have trouble working together. Zeglis
and Hindery said in an interview that they get along just fine,
the paper said.
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