AT&T Broadband
Cable operations division for AT&T
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AT&T Broadband LLC was an American digital cable television and telecommunications provider that served as the cable operations division of AT&T. It was founded in March 1999 when AT&T acquired the assets of TCI and renamed it as AT&T Digital Cable. The next year, it was renamed again as AT&T Broadband, and the company had acquired MediaOne as well and became the largest cable operations company in the United States.[1] In 2001, AT&T swapped the cable systems in the San Joaquin Valley region of California, eastern Oregon, northern Utah, and southern Idaho to Cable One; while at the same time acquiring a couple Paragon/Time Warner Cable clusters in Texas and Oregon. 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 mid-November 2002 and AT&T Broadband fully merged into Comcast Corporation.
| |
Company type | Division |
|---|---|
| Industry | Cable television |
| Founded | 1999 (as AT&T Digital Cable) |
| Defunct | 2003 |
| Fate | Merged with Comcast |
| Successor | Comcast Corporation |
| Headquarters | Englewood, Colorado, U.S. |
| Parent | AT&T |
| Website | broadband.att.com at the Wayback Machine (archived 2000-10-18) |
Merger with Comcast; Acquisition
On December 19, 2001, AT&T Broadband and Comcast Corporation announced that they would 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][3]
In late 2002, AT&T announced that it would be go through corporate restructuring. In the middle of November 2002, the deal was finalized and Comcast acquired AT&T Broadband under the name "Comcast Corporation".[4]
See also
- Excite web portal