AT&T weighs deals for Excite@Home stake.
Published:
12 October 1999 y., Tuesday
AT&T confirmed Thursday that it is considering possible business deals involving its interest in cable Internet company Excite@Home. The statement follows days of rumors that AT&T was negotiating to sell all or part of its Excite@Home stake. AT&T owns 26 percent of Excite@Home but controls a 58 percent voting stake. The content portion of the company has been in play for some time, according to industry sources, but no one-including Yahoo and Microsoft--has found the Web portal enticing enough as of yet to step forward and take it off AT&T_s hands. Yet AT&T continues to dangle Excite as the key that could allow any potential suitor access to its high- speed cable network, according to sources. That network is considered to be an important component in the future of a high-speed Internet. "Everybody_s been talking for months," one industry source said. "Nobody wants Excite, but they_re willing to take it to get access" to the high-speed network. Publicly, AT&T has offered little insight on any specific plans regarding the portal. "We have periodically explored, and we continue to explore, many alternatives with respect to our Internet strategy and our ownership interest in Excite@Home," the company said in its statement Thursday.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam.
more »
The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment.
more »
In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU.
more »
In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees.
more »
The EU budget is no simple matter, but then no budget ever is.
more »
Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday.
more »
With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs.
more »
The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »
The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks.
more »
The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday.
more »