U S West's Gauntlet Won't Just Lie There
It was only a matter of time, once telecommunications reform was passed, before companies started breaching the Berlin Wall that has kept them from jointly offering cable TV and local and long-distance phone service. But U S West Inc. waited a mere 19 days after President Clinton signed the historic Telecommunications Act of 1996. On Feb. 27, the Denver-based cowboy of the seven Baby Bells announced it will acquire Continental Cablevision Inc., the nation's third-largest cable-TV operator, for $10.8 billion--and in three years hopes to use those cable networks to offer local phone service across the nation.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- World’s Biggest Wealth Fund Wants Out of Oil and Gas