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AT&T may complete TCI purchase next week

Published on .

New York-AT&T Corp. may complete its $56.9 billion purchase of Tele-Communications Inc. as early as next week, its CFO said. The company is waiting for approval from California regulators, and expects to close the purchase as soon as that ruling comes. CFO Daniel Somers said that once the deal goes through, AT&T could sell a package of local, long-distance, wireless, cable TV and other services for 25% below competitors. (From Crain's New York Business)
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