Tci And At&T May Connect, But Can They Work?
In January, as he made his first major presentation to Wall Street analysts, AT&T CEO C. Michael Armstrong found himself violating the company's policy of not commenting on possible deals. The reason? The market buzz about a merger with Tele-Communications Inc. (TCI) had become a roar. "We won't be announcing a cable acquisition at the end of the meeting or in the near future," he told the crowd.
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