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To: KailuaBoy who wrote (22620)	5/25/2000 6:05:00 PM
From: gpowell	Read Replies (1) \| Respond to of 29970

I would think this refers to ownership control of RR. The subs controlled by mediaone and RR would still be RR's by contract - unless there is no contract.

To: KailuaBoy who wrote (22620)	5/25/2000 7:28:00 PM
From: matt gray	Respond to of 29970

my thoughts exactly. Once UMG headends get integrated with other T headends, with ISP peering within T POPs how can they remain RR? Not to mention billing issues, provisioning etc. For instance would T want to retain an expensive leased DS-3 directed at RR when they can place the circuit on net, cut costs and point it at ATHM? Seems likely T will be selling the RR ownership rights retained by UMG but possibly redirecting these subs to their own BB network namely ATHM.

To: KailuaBoy who wrote (22620)	5/25/2000 9:52:00 PM
From: Solid	Read Replies (1) \| Respond to of 29970

If you have dreamed of seeing positive, good press for ATHM... David N, this is for you and the equivalent of saying your line: That will likely swell the rival cable modem company's subscriber ranks by hundreds of thousands of people, as well as give it a broad new swath of territory to mine for new customers. That will likely swell the rival cable modem company's subscriber ranks by hundreds of thousands of people, as well as give it a broad new swath of territory to mine for new customers. That will likely swell the rival cable modem company's subscriber ranks by hundreds of thousands of people, as well as give it a broad new swath of territory to mine for new customers. yahoo.cnet.com Partial excerpt of article Potentially about 280,000 subs for our rolls. Will they be ours or will a deal be brokered? Kewl indeed. We got chips either way for our hand to play and this is good. This reminds me of an estate sale. The sale of the Road Runner stake may be worse news for Road Runner than for AT&T, however--and may prove to be a substantial boost for Excite@Home. "It's not fantastic news for Road Runner," said Jupiter Communications analyst Dylan Brooks. "They're losing a big chunk of their existing subscribers and of their potential subscribers." Under the terms of the deal, AT&T can move much of what is valuable about MediaOne's interest in Road Runner--the customers and the technological assets--into Excite@Home's portfolio. That will likely swell the rival cable modem company's subscriber ranks by hundreds of thousands of people, as well as give it a broad new swath of territory to mine for new customers. Together, Road Runner and Excite@Home serve about 75 percent of the country's cable modem subscribers. Road Runner is the smaller, with about 730,000 customers. The consent decree was filed as part of a two-stage process in court today. The DOJ filed a lawsuit against the merger, saying that it would harm competition in the broadband market. But along with that lawsuit, regulators filed the consent decree, signed both by AT&T and the DOJ. If the court approves the agreement, then the lawsuit against the merger will be resolved. The merger also requires approval by the Federal Communications Commission, which said early this month it would act in "a matter of days."

To: KailuaBoy who wrote (22620)	5/26/2000 12:37:00 AM
From: KW Wingman	Respond to of 29970

It is GOOD news for ATHM, bad news for RR,TWX/AOL. ( from the news release; AT&T may also, after divestiture, move MediaOne's customers to Excite@Home service. ) AT&T Signs Consent Decree With Department of Justice Giving Antitrust Clearance to Merger With MediaOne May 25, 2000 04:58 PM Eastern Time WASHINGTON, May 25 /PRNewswire/ -- The following statement was issued today by AT&T: AT&T today entered into a consent decree with the U.S. Department of Justice that represents the antitrust clearance needed for the company to close its merger with MediaOne. The decree requires AT&T to divest MediaOne's minority interest in Road Runner no later than December 31, 2001. In the interim, AT&T must keep its management of Road Runner separate from the rest of the company. The decree also allows AT&T customers to continue to receive service from Road Runner on a transitional basis until June 2002, to avoid disruptions. After divestiture, AT&T may retain or acquire dedicated Road Runner assets or regional data centers used primarily for providing service to MediaOne's customers. AT&T may also, after divestiture, move MediaOne's customers to Excite@Home service. Also, until two years after the divestiture, AT&T must obtain Justice Department approval prior to entering into certain agreements with AOL-Time Warner regarding cable modem or residential broadband service. Generally, prior consent would be required any time AT&T and AOL-Time Warner: wanted to jointly provide a residential broadband service anywhere in the U.S.; agreed not to provide such service in a particular region; agreed to prevent either side from including a particular feature in cable modem offerings; or, wanted to prevent either side from offering preferences to another provider of features or services included in our cable modem offering. Under this provision, the Justice Department will approve such agreements unless it determines that the agreement will lessen competition between AT&T and AOL- Time Warner in any market. The following statement may be attributed to Jim Cicconi, AT&T General Counsel. We're very pleased to have reached this major milestone in the MediaOne merger approval process and we look forward to closing the deal as soon as possible. The Road Runner divestiture is an obligation we always assumed we would face, and the decree proposes both a schedule and process that are fair and feasible. Before and after that divestiture, we will remain fully able to roll out new broadband capabilities -- including high-speed Internet access -- to our subscribers. We are likewise very confident that the provisions requiring the Justice Department's prior consent for certain agreements between AT&T and AOL-Time Warner will not impair our business strategy in any way. We expect to gain FCC approval of the merger shortly. After that, our intention is to close the merger as quickly as we can. Customers are clamoring for broadband, digital cable television, and choice in local phone service. Our acquisition of MediaOne will greatly increase our ability to deliver all of those highly-sought consumer services. We can't wait to get started. SOURCE AT&T