You are here: silicon.com > Networks > Broadband & ISPs

AT&T reconsiders $53bn Comcast deal

Anyone but AOL Time Warner...

By Aled Herbert

Published: 2 August 2001 08:00 BST

Comcast and AT&T are planning to resume discussions shortly over the future of the telco's broadband division.

AT&T rejected a $53bn offer from Comcast for the business in mid-July, claiming the deal did not represent the true value of the division and was not the right move for its shareholders.

At the time, AT&T said it considered a price tag of $70bn more representative of the business' worth.

However, the AT&T board is now thought to be reconsidering the deal which represents a value of about $4,000 a subscriber, compared with a valuation of $3,200 per customer when the company acquired the business, reports the Financial Times.

AOL Time Warner is also thought to be interested in the business, a factor that may prompt AT&T to favour the Comcast deal.

Add comment

Print story

Email story

RSS

AT&T boosted by broadband buy-out bid

AT&T breaks silence on Comcast offer

Decision time for AT&T

AT&T rejects $53bn Comcast offer

In silicon.com

Commentary

Natasha Lomas RIM co-CEO: Qwerty is the next big thing Q&A: Mike Lazaridis, on why smart phones - and keyboards - are the future...

Howard Greenfield Tech Futures: The talkification of the web A software switch gives browsers a voice...

Latest News

BT adds smart phone to home broadband package

BT CEO Ben Verwaayen to step down

BBC hits back at ISPs over iPlayer usage

WiMax to make it as a 'last-mile' broadband tech?

Dongle mania to kill off wi-fi hotspots?

Satellite comms to bridge digital divide?

Jobs

Targeting Manager (CRM)

International Commercial Bank is looking to recruit two highly important Targeting Managers 1 for Loans division/ 1 for Insurance & Mortgage ...

Brokerage seeks VC++ for FX, Interest Rates and Credit Derivatives

This division deal specifically with front office solutions and you will be a senior member of the team where you will have to build and enhance ...

Senior C# SQL Developer, Credit Derivatives, Investment Bank, London

The successful candidate will be working within the Banks most profitable division, Structured Credit. They have the ability to deal with COM interop ...

Special Report Focus

CIO Agenda 2008
The exclusive silicon.com CIO Agenda 2008 survey looks at the CIO's tech shopping list for the year, examines whether IT budgets are rising or falling and reveals what the pain points are for tech chiefs this year. Find out more in our latest special report.