On March 22, 1999, Comcast announced entered a $60 billion merger transaction with [[MediaOne Group Inc.]]. The combined company's capitalization was valued at approximately $97 billion and it will become one of the largest broadband networks in the United States with 8 clusters with more than 500,000 costumers per cluster and it will also serve more than 11 million cable subscribers.<ref>[http://www.comcast.com/about/pressrelease/pressreleasedetail.ashx?prid=512&SCRedirect=true Comcast and MediaOne Announce $60 Billion Merger]</ref> However, MediaOne terminated the merger agreement and paid Comcast $1.5 billion termination fee.<ref>[http://www.thefreelibrary.com/Comcast-MediaOne+Merger+Agreement+Terminated%3B+Comcast+Receives+$1.5...-a054565101 Comcast-MediaOne Merger Agreement Terminated; Comcast Receives $1.5 Billion Termination Fee]</ref> | On March 22, 1999, Comcast announced entered a $60 billion merger transaction with [[MediaOne Group Inc.]]. The combined company's capitalization was valued at approximately $97 billion and it will become one of the largest broadband networks in the United States with 8 clusters with more than 500,000 costumers per cluster and it will also serve more than 11 million cable subscribers.<ref>[http://www.comcast.com/about/pressrelease/pressreleasedetail.ashx?prid=512&SCRedirect=true Comcast and MediaOne Announce $60 Billion Merger]</ref> However, MediaOne terminated the merger agreement and paid Comcast $1.5 billion termination fee.<ref>[http://www.thefreelibrary.com/Comcast-MediaOne+Merger+Agreement+Terminated%3B+Comcast+Receives+$1.5...-a054565101 Comcast-MediaOne Merger Agreement Terminated; Comcast Receives $1.5 Billion Termination Fee]</ref> |