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MediaOne was a cable company created by US West in 1995 where the cable service started as a division of US West Media Group.

US West founded MediaOne (originally Media 1), through the combination of GCTV serving Atlanta, Georgia and Dekalb County, Georgia and Wometco Cable's assets in the suburbs of Georgia.

In time the service also included pay-per-view, and a self-branded high-speed cable modem internet service named Hiway1 (Highway One). Hiway1 was an early provider of the cable modem technology.[1] Most early-period modems for the service were created by the manufacturer LANcity(Bay Networks).

In 1995, the Cable Modem service was later renamed to MediaOne Express. After completion of that deal, the company completed a co-branding deal with Time Warner's cable modem Internet business under which MediaOne would become MediaOne RoadRunner.

Contents

Acquisitions and dispositions

In 1996 US West acquired Continental Cablevision for $5.3 billion in stock and renamed it Media One. Amos B. Hostetter, Jr., a founder and former chairman and CEO of Continental resigned after US West moved the company's headquarters from Boston, Massachusetts.[2]

In 1998, U S WEST spun off MediaOne's parent company, U S WEST Media Group as the MediaOne Group.

In 1999 Comcast, first made a bid for MediaOne. Comcast said they would pay $60 billion and assume all of MediaOne's debt.[1], [2] On May 6, 1999 AT&T, not wanting to be outdone promised about $62 billion instead, and paid the "breaking up of the MediaOne-Comcast merger agreement" allowing MediaOne to be purchased by AT&T.

MediaOne RoadRunner et al. next became AT&T branded. The portion which ran television was "AT&T Cable Television", another part for Internet became known as "AT&T Broadband Internet" and the third became "AT&T Digital Phone". The buyout of MediaOne by AT&T happened close on the heels of AT&T's other cable company purchase TCI. That buyout by TCI already made AT&T the largest Cable Company, and MediaOne only served to increase their margin of leadership.

In the summer of 2000, AT&T Broadband purchased the Downtown Boston market, then controlled by New York-based Cablevision for $11.8 billion dollars. The deal upon closure effectively made the Boston/New England region MediaOne's largest clustered market. In exchange for Downtown Boston, CableVision was traded several of AT&T Broadband's upstate-New york area markets.

AT&T was unable to make the merger work for many reasons, and split the company into three separate companies: AT&T Wireless was spun off as a public company, AT&T Cable/AT&T Broadband was purchased by Comcast. The regular phone business continued as a public company.

Motto: "This is Broadband. This is the way."

Markets

The main markets & regions for MediaOne were [3]:

Besides the United States, MediaOne Group also had several smaller business operations in:

Almost all of MediaOne's international holdings were sold-off to satisfy regulators for the merger with AT&T.

See also

References

  1. ^ Due to the early adoption of the technology, customers could not yet have access to any bi-directional communication via the cable modem. Hiway1's cable company's infrastructure was incapable of two-way communication. The customer would only be able to use the Hiway1's cable modem for downlink and a regular in-home modem (presumably over the telephone line) for uplink communication.
  2. ^ Media One exec team to relocate. Variety, Oct. 7, 1997

External links

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