With billions in her purse, Ma Bell went shopping and came home with a cable TV giant. TCI is already wired to nearly a third of all American homes. Technology is marching on. Industry consolidation is taking place. Global reach is increasingly necessary to serve the multinational institutions.
Executives say they expect no layoffs.
TCI's chairman and CEO John Malone. He controls a majority of TCI stock and stands to make millions, perhaps billions if the deal goes through. While it may have been a cinch to work out the arrangements of the deal, analysts are already wondering if the implementation will prove as easy. They had to do this. That's why we concluded so long ago they'd buy a cable company.