THREE MAY STILL BE A CROWD.(Company Business and Marketing)
Multichannel News, March, 1999 by BORRELLI, LOU
AT&T, Comcast Huddle After Allen Buys Adelphia There are now only three major MSOs left in the broadband-delivery industry, the successor to last century's "cable television" business. Paul Allen's Charter Communications has outbid rival Brian Roberts' Comcast Communications for Adelphia Broadband, paying a record $25 billion in stock, cash and assumed debt, leaving AT&T Corp.
as the only other major player in the digital-distribution industry. Allen, who in recent years has added Falcon Digital Communications and Time Warner Cable systems to his portfolio, is characteristically circumspect about his latest blockbuster buy: "I believe very strongly in broadband's bundle of video, voice and data as well as comprehensive Web services delivered to...
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