ahhaha, Interesting news: Can you comment on possible conflicts as I believe UMG has an equity stake in Roadrunner???
Monday March 22, 2:22 am Eastern Time
Comcast , Mediaone Group in $60 Bln Deal
Mr. Charles M. Lillis, President, Chief Executive Officer and Chairman of MediaOne, commented, ''This transaction creates
a company with a unique combination of high growth domestic and international broadband, programming and telephony
businesses. Together, we will be optimally positioned to develop and provide nationally branded broadband services across
our principal business lines of video, voice and data. Customers will benefit from a broader and bundled service offering,
while shareholders and employees will have the opportunity to participate in the growth of the combined entity.''
The combined company will:
-- have a capitalization of almost $97 billion (market value of equity
plus debt and preferred as of March 19, 1999)
-- have the best clustered and one of the largest broadband networks in
the U.S. with 8 clusters, each with greater than 500,000 subscribers
-- pass over 18 percent of U.S. households with its existing cable
infrastructure
-- serve over 11 million domestic cable customers
-- hold valuable global telecommunications, programming and Internet
interests
-- be strong financially, with little net debt
(This is a headline-only alert, although it will likely be followed by an article soon)
More Quotes
and News:
Comcast Corp (Nasdaq:CMCSA - news)
US West Inc (NYSE:UMG - news)
thanks Mike
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