A look at the players in AT&T Corp.'s US$48 billion acquisition of Tele-Communications Inc.:
The company is the No. 1 US long-distance phone service provider in the United States, with more than 90 million customers. It also provides wireless communications services, Internet access, credit card services, and international phone services.
Chairman: C. Michael Armstrong
1997 sales: $51 billion
1997 profit: $4.6 billion
Employees: 133,000
Headquarters: New York City
__Stock symbol: __ T
Today's opening stock price: $62.56.
Today's closing stock price: $60.
AT&T history
3 March 1885: The company is incorporated as American Telephone and Telegraph Co.
1984: With the company having grown to become the national phone monopoly nicknamed Ma Bell, a federal judge's order forces AT&T to spin off the seven Baby Bells that provide local phone service.
1994: The company formally renames itself AT&T Corp.
1996: AT&T spins off equipment and research operations as Lucent Technologies Inc. and computermaker and cash register manufacturer NCR Corp.
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The company is one of the biggest cable TV companies in the United States, with more than 13 million customers nationwide. The company consists of three main groups, each with its own stock: cable TV operator TCI Group, cable TV programming unit Liberty Media Group, and TCI Ventures, whose operations include international cable TV, phone service, and digital video services interests. TCI owns 39 percent of @Home, a company that provides Internet access over cable modems.
Chairman: John Malone
1997 Revenue: $6.4 billion
1997 loss: 495 million
Employees: more than 28,000
Headquarters: Englewood, Colorado
Stock symbol: TCICP
Today's opening stock price: $105.00.
Today's closing stock price: $85.50.
