AT&T and Cablevision to Create High-Value Telecommunications Bundle for New York Metropolitan Area Customers; Consumers to Benefit From Cross-Promotion of Services.Business & Technology Editors BASKING RIDGE, N.J. and BETHPAGE, N.Y.--(BUSINESS WIRE)--Feb. 23, 2000 AT&T (NYSE NYSE See: New York Stock Exchange :T) and Cablevision Systems Corp. (NYSE:CVC See CSC. ) today announced they will enter into an innovative joint-marketing agreement which will bring substantial rewards to customers buying from both companies without requiring any additional purchase. Under the terms of the agreement, AT&T and Cablevision will offer combined packages of their telephone and cable television service to customers in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, and Connecticut. These customers will receive additional programming and superior value derived exclusively from doing business with both companies. Cablevision's broadband network passes more than four million homes in the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. . The benefits will include, at the outset, premium cable channels, pay-per-view movies, and online services bundled with AT&T communication services. Savings to customers could reach hundreds of dollars a year, depending on individual use of both companies' services. Marketing efforts targeted to current and potential customers will begin this spring. "Today's announcement with Cablevision is exciting news for consumers. They have told us they want to have simple, hassle-free ways to combine communications, information, and entertainment services and to reap significant rewards when they do. Our agreement will be a big step to meeting this need," said C. Michael Armstrong C Michael Armstong (born 18 October, 1938, in Detroit, Michigan) is the former AT&T chairman and CEO, who tried to reestablish AT&T as an end-to-end carrier. Unfortunately, due to the dot.com bust and various other issues, he was forced to break the group up in 2001. , AT&T chairman and chief executive officer. "In this first-of-its-kind agreement, Cablevision and AT&T are creating a windfall for hundreds of thousands of New York area households," said Charles F. Dolan, chairman of Cablevision. "This innovative agreement will strengthen our product menu substantially, increasing the value of our cable offerings and adding telephone service from the established market leader. We are enthusiastic about this and other offers which will follow," Dolan added. About AT&T AT&T Corp. (www.att.com) is among the world's premier voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. companies, serving more than 80 million customers, including consumers, businesses, and government. With annual revenues of more than $53 billion and 151,000 employees, AT&T provides services to customers worldwide. Backed by the research and development capabilities of AT&T Labs, the company runs the world's largest, most sophisticated communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. and has the largest digital wireless network in North America. The company is a leading supplier of data and Internet services for businesses and offers outsourcing, consulting, and networking-integration to large businesses. It is also one of the nation's largest Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. for consumers. Through its recent cable acquisitions, AT&T will bring its bundle of broadband video, voice, and data services to customers throughout the U.S. Internationally, the AT&T/BT Global Venture -- recently named Concert -- will serve the communications needs of multinational companies and international carriers worldwide. About Cablevision Systems Corp. Cablevision Systems Corporation is one of the nation's leading entertainment and telecommunications companies. Its cable television operations serve more than 3.4 million subscribers located primarily in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . The company's advanced telecommunications offerings include its Lightpath commercial telephone service and its Optimum-branded high-speed Internet service. Cablevision's Rainbow Media Holdings, Inc. subsidiary operates entertainment businesses, including Madison Square Garden Current arenas in the National Hockey League Western Conference Eastern Conference and its sports teams, American Movie Classics, Bravo, FOX Sports Net, Radio City Entertainment and Radio City Music Hall Radio City Music Hall New York City’s famous cinema; home of the Rockettes. [Am. Hist.: NCE, 2338] See : Theater . The Company also owns and operates THE WIZ consumer electronics stores and Clearview Cinemas in the New York metropolitan area. Information about Cablevision Systems Corporation, as well as background on its executives and other materials, can be accessed on the Web at www.cablevision.com. |
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