Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home IT Management
    • IT Management

    AT&T Broadband Shapes Up Before Shipping Out

    By
    eWEEK EDITORS
    -
    July 9, 2001
    Share
    Facebook
    Twitter
    Linkedin

      AT&T Broadband is preparing to leave the Ma Bell mother ship carrying billions of dollars less debt after unloading nearly 3 million customers in the past 18 months.

      In a single day last week, AT&T closed on deals that sent about 760,000 subscribers to other major cable operators. The deals with Charter Communications, Comcast and Mediacom Communications raised $2.6 billion that will go toward reducing AT&T Broadbands $15.6 billion debt.

      Over the past year and a half, AT&T has sold properties with 4 million subscribers, while acquiring 1.4 million. The goal of the deals, in addition to reducing debt, was to improve clustering efficiencies in major urban markets, according to AT&T spokesman Steve Lang.

      In St. Louis, for example, AT&T surrendered the market to Charter, which is based there. “Charter gains significant operational and technical efficiencies in the St. Louis metropolitan area, a top-20-ranked U.S. cable market,” said Jerry Kent, president and CEO of Charter.

      According to the companys first-quarter reports, AT&T remained the nations largest cable operator with 15.9 million subscribers. During that quarter, revenue per customer climbed 10.8 percent to $51.56 as the company continued to roll out new services.

      Meanwhile, the legal issue of whether AT&T controls too much of the cable market is growing increasingly irrelevant as the company prepares to divest itself of its 25.5 percent stake in No. 2 cable operator Time Warner Entertainment as well as a 28 percent stake in Cablevision.

      By the end of the year, AT&T Broadband will be listed as a tracking stock in preparation for a full-scale spin-off next year. The move follows the spin-off of AT&Ts wireless unit this week. As a part of the spin-off, AT&T shareholders were allowed to exchange their shares for shares in the wireless company or retain shares of the parent company. Shareholders will receive 0.32 share of Wireless for each AT&T share. In August, AT&T will complete the spin-off of Liberty Media, a John Malone-led holding company acquired with cable giant Tele-Communications Inc. in 1999.

      eWEEK EDITORS
      eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.

      MOST POPULAR ARTICLES

      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×