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→Company Expansion
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>
On November 18 2002, Comcast acquired [[AT&T]] Cable for $47 billion in stocks and assumed the company's $25 billion debt. The combined company was named AT&T Comcast Corporation. Comcast President Brian Roberts assumed the position of the CEO while AT&Ts CEO Michael Armstrong became the Chairman of the new company with an estimated 22 million subscribers. The projected annual revenue was $19 billion.<ref>[[http://money.cnn.com/2001/12/19/deals/att/ Comcast wins AT&T cable]</ref> <ref>[http://www.cmcsk.com/faq.cfm Comcast Investor Relations FAQS]<.ref>
==Products & Services==
==Products & Services==