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# AT&T Acquires TCI
- URL: https://www.protein.xyz/at-amp-t-acquires-tci/
- Published: 1998-06-26T06:00:00.000Z
- Updated: 2016-06-07T20:55:21.000Z
- Description: AT&T, the nation's largest long-distance phone company, is acquiring the No. 2 provider of cable TV service, Tele- Communications…
- Author: Protein
- Tags: SEEDS, #protein, #Import 2024-06-11 13:21

AT&T, the nation's largest long-distance phone company, is acquiring the No. 2 provider of cable TV service, Tele- Communications Inc. (TCI), in a $31-billion deal that represents the most dramatic result so far of the 1996 deregulation of the telecommunications industry.  
  
FCC chairman William E. Kennard has reacted favorably to the proposed acquisition: "These companies bring some synergies that are quite compelling. They're not direct head-to-head competitors, but both of them have said in the past that they want to offer a package of services to consumers. If through the combination they are able to bundle services and be more competitive with the incumbent providers, it's a good thing."  
  
The deal is expected to give AT&T a strong position from which to compete in the local phone service market, as well as to offer customers a range of Internet-based services.   
  
[http://www.tci.com/](http://www.tci.com/?ref=protein.xyz)  
  
((c) New York Times)