At&T Merging with Comcast

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AT&T Merging with Comcast Tonya Mealey, Teneisha Bonner, and Richard Chan
ECON220-X-1302B-02/Professor Luzius
July 14th, 2013

Abstract For our group 5 project, we have collected information about the company AT&T merging with Comcast. In this paper, the industry description introduces the company and explains the history of the company. The supportive argument and the argument against the merger are discussed.
Keywords: AT&T, Comcast

AT&T Merging with Comcast

Initially, Comcast proposed to buy AT&T Broadband for 44.5 billion in assets and 13.5 billion in deficit assumption. AT&T’s committee did not accept the acquisition and Comcast offered to merge with AT&T broadband to establish AT&T Comcast. AT&T assets have been dropping and this coalition would probably help them by letting Comcast, which has a great understanding in the broadband business, work with the many resources AT&T has to present. The merger is set at $72 billion. Comcast thinks the coalition with AT&T will keep them rich and it will get 2.2 million broadband consumers and 22 million co responders, news and entertainment supporters. They are evaluating the merger to decide if the aftermath will be an accomplishment or a downfall (Brinkerhoff, 2010).

Industry Description: AT&T, is considered to be a telecommunications industry, and is among the world’s premier voice, video, and data communications companies serving millions of consumers, businesses, and the government. By the research and development capabilities of AT&T, Labs this company runs the world’s largest and most sophisticated communications network, and is the largest cable operators in the United States. This company is the leading supplier of data, internet, and managed services for businesses (Comcast, 2013).
Comcast Corporation is engaged in the development,…...

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