DOJ Reviewing AT&T-Comcast Deal

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AT&T Corp. and Comcast Corp. confirmed Friday that they had received
requests for additional information from the Department of Justice regarding the
merger of the former's AT&T Broadband cable division with the latter.

The requests signaled that the DOJ had won out over the Federal Trade
Commission in the so-called merger-review-clearance process.

Although the DOJ traditionally reviews AT&T deals, the FTC reviewed the
merger between America Online Inc. and Time Warner Inc.

AT&T spokeswoman Claudia Jones confirmed the DOJ review after consumer
groups expressed disappointment that the FTC would not be handling the
merger.

Consumer groups were successful in persuading the FTC to require AOL Time
Warner Inc. to carry unaffiliated Internet-service providers on it high-speed
cable-modem platform.

In a prepared statement, Comcast said, 'Requests such as this are customary
for transactions of this nature. Comcast intends to cooperate with the DOJ staff
in producing the requested documents and other information. Comcast currently
anticipates that the merger will close by the end of 2002, subject to receipt of
regulatory and shareholder approvals and satisfaction of other closing
conditions.'

The DOJ is also reviewing the proposed $25.8 billion
direct-broadcast satellite merger between EchoStar Communications Corp. and
Hughes Electronics Corp., parent of DirecTV Inc.

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