Re: AT&T/Comcast rates

[Kevin Vahey <kvahey@attbi.com>]

Thatıs what they claim

Comcast has assumed more than $24 billion in debt from AT&T and its
subsidiaries, as well as $5 billion of AT&T subsidiary trust convertible
preferred securities held by Microsoft Corporation, which will be converted
into 115 million shares of Comcast. 

http://192.20.5.56/news/item/0,1847,11087,00.html



On 11/23/02 3:13 PM, "Laurence Glavin" <lglavin@lycos.com> wrote:

> I don't know...I'm just asking:
> aren't they $26B in debt as a RESULT of the merger?
> --
> 
> --------- Forwarded Message ---------
> 
> DATE: Sat, 23 Nov 2002 14:51:02
> From: "Sean Smyth" <ssmyth@suscom.net>
> To: <kvahey@attbi.com>
> Cc:<boston-radio-interest@bostonradio.org>
> Kevin Vahey said:
>> biggest fib of all is Comcast has nothing to do with this rate
>> hike....(according  to quotes in Globe)
>> 
>> Comcast in Philly pulled this stunt and it should happen here soon as
>> well...if  you have a movie package you must get a digital box......
>> 
>> company 26B in the hole  only one way to get it back....
> 
> If they were $26 billion in debt, would they even have been able to get any
> financing for this deal? Would a bank be nuts enough to let them leverage
> that much? I'm no financial whiz, but I would doubt it. Besides, how
> expensive can the purchase of AT&T Broadband be?
> 
> 
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