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AT&T Broadband

From Wikipedia, the free encyclopedia

AT&T Broadband LLC
IndustryCable television
Founded1999; 22 years ago (1999) as AT&T Digital Cable
Defunct2003; 18 years ago (2003)
FatePurchased
SuccessorComcast Corporation
HeadquartersEnglewood, Colorado, U.S.
ParentAT&T

AT&T Broadband was AT&T's cable operations division. It was formed in 1999 when AT&T acquired the assets of TCI and renamed it to AT&T Broadband. The next year, AT&T Broadband acquired MediaOne as well and became the largest cable operations company in the United States.[1] In 2001, AT&T sold the cable assets to Cable One in the San Joaquin Valley region of California, eastern Oregon, northern Utah, and Idaho. Later that same year, it was announced that AT&T Broadband and the Comcast Corporation will be merging their assets into "AT&T Comcast Corporation". The deal was finalized in November 2002 and AT&T Broadband fully merged into Comcast Corporation.

Merge with Comcast

On December 19, 2001, AT&T Broadband and Comcast Corporation announced that they will be merging as a decision was made by their respective Board of Directors. The value of the transaction was $72 billion and jointly had covered over 22 million subscribers across all United States. Originally, the name of the merger company was supposed to be AT&T Comcast Corporation with each company providing 5 members for the Board of Directors, including 2 external members.[2]

In 2002, AT&T went through corporate restructuring. In November 2002, the deal was finalized and Comcast acquired AT&T Broadband under the name "Comcast Corporation".[3]

See also

References

  1. ^ "The History of AT&T Company". The History of Computing Project. Retrieved April 10, 2010.
  2. ^ "AT&T Broadband to Merge with Comcast Corporation in $72 Billion Transaction". Comcast. December 19, 2001. Retrieved April 10, 2020.
  3. ^ "Comcast Completes AT&T Broadband Transaction". Comcast. November 18, 2002. Retrieved April 10, 2020.
This page was last edited on 31 August 2021, at 01:04
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