View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 28, 1997updated 03 Sep 2016 8:53pm

US WEST SEPARATES ITS CABLE AND TELCOMS COMPANIES

By CBR Staff Writer

Breaking with the trend toward convergence between telecoms carriers and cable services US West Inc is to split its phone and cable television operations into two companies from the middle of next year in a move that the company says will allow the new companies to pursue alliances and partnerships. The communications and media groups have traded under separate stock symbols since November 1995. The regional bell operating company’s phone unit, US West Communications, and its cable unit, US West Media Group, will become US West Inc and MediaOne Group Inc respectively. All the company’s telephone, wireless and directory services will be folded into US West Inc, including its electronic directory business, US West Dex. The MediaOne assets will include US West cable and interactive interests, its international operations, the New Vector wireless group, plus its share of Time Warner Entertainment. Recent developments in technology, markets and regulation will provide strategic competitive opportunities for both businesses that outweigh the benefits of remaining together, said Richard McCormick, chairman and chief executive of US West Inc. The move is seen as continuing its aim to ensure the CATV unit financially supports itself. MediaOne is the current branding for the company’s US cable operations which together form the US’s third-largest broadband telecoms service provider with over five million subscribers in 19 states. MediaOne grew from the merger between US West Media Group and Continental Cablevision in November 1996, broadening US West’s lines of business to include video, telephony and high speed internet access. While under the umbrella of the same company, the cable unit has been prevented from offering services in the 14 states where US West is the dominant local service supplier. According to the company, the split partly reflected this enforced divide as separate companies it says the regulations regarding alliances will be the same as between any two publicly traded companies.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU