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To: gpowell who wrote (22618)	5/25/2000 4:59:00 PM
From: FR1	Read Replies (2) \| Respond to of 29970

Fairly major news breaking right now. Fed has conditionally agreed to T/Media One merger (CNBC). We need to start digging for the details. Anyone got information? Here is Bloomberg: quote.bloomberg.com AT&T Purchase of MediaOne Group Wins U.S. Antitrust Approval By Seena Simon Washington, May 25 (Bloomberg) -- AT&T Corp., the No. 1 long- distance phone company, won U.S. antitrust approval to buy MediaOne Group Inc. for $59 billion and create the biggest U.S. cable television company after the companies agreed to divest some assets. Under a settlement with the U.S. Justice Department, the companies agreed to divest Road Runner, the second largest U.S. high-speed cable Internet service provider, whose owners include MediaOne. AT&T has a controlling interest in Excite@Home, the biggest high-speed cable Internet service. ``The merger as proposed would have had an anticompetitive impact on the broadband market, '' said Joel Klein, head of the Justice Department's Antitrust Division. ``American consumers will be the ultimate beneficiaries.'' The merger of Englewood, Colorado-based MediaOne and New York-based AT&T requires separate approval from the U.S. Federal Communications Commission. AT&T has been trying for months to persuade the FCC to let it keep Liberty Media Group Inc., its programming subsidiary, and its 25 percent stake in Time Warner Entertainment. AT&T and MediaOne will serve about 40 percent of households with cable-TV or satellite service. In the Internet market, Justice Department officials were concerned that allowing the companies to keep both Road Runner and Excite at Home would threaten competition for high-speed Internet access transmitted over cable television lines. Internet service over cable is far quicker than over traditional telephone lines that serve most Web users. AT&T has a 57 percent voting stake in Excite At Home and owns 26 percent of its shares. MediaOne has a 25 percent stake in Road Runner, a joint venture, through a partnership with Time Warner Inc. and other companies. The relationships are further intertwined because America Online Inc., the No. 1 Internet service provider, would also have a stake in Road Runner when AOL buys Time Warner.

To: gpowell who wrote (22618)	5/25/2000 8:25:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

If the RBOCs push fiber into the neighborhoods, why would they resort to DSL? DSL is a signal manipulation in order to enable limited distance travel in copper. Why not emulate what Att is doing with MSO? You get it all then.