AT&T; Wraps Up Its Purchase of TCI
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Reuters
AT&T; Corp. completed its $55-billion acquisition of cable TV giant Tele-Communications Inc., a deal that creates a one-stop shop for phone service, Internet access and cable television. The long-distance giant also plans to provide local phone service over TCI’s cable wires. AT&T; plans to pilot telephone service over cable in 10 U.S. cities by year-end.
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