COMCAST CORP acquired Select AT&T Broadband cable systems (six states), a transaction completed in May 2001, structured as Cable-system acquisition via stock exchange (Comcast surrendered AT&T shares it held in exchange for the systems).
Select AT&T Broadband cable systems (six states) operates in Comcast Cable, is based in New Mexico, Maryland, Delaware, New Jersey, Pennsylvania, Tennessee, USA. Comcast completed the acquisition of AT&T Broadband cable systems serving approximately 595,000 customers across six states, gaining subscribers in New Mexico, Maryland and Delaware, New Jersey, Pennsylvania, and Tennessee. The transaction better clustered Comcast's service territories, particularly in the mid-Atlantic region.
Improves geographic clustering of Comcast's cable footprint, especially in the mid-Atlantic, enhancing its ability to deliver digital video and high-speed internet and to deploy future services such as video on demand.
Advisory firms were not disclosed for this transaction.