While it is too early right now to predict what effect MediaOnes choosing AT&T would have on Comcast, one other company is also affected: RoadRunner, the high-speed broadband service that is At Homes major rival, is a joint venture among affiliates of Time Warner twx, MediaOne, Microsoft msft, Compaq cpq and privately held Advance/Newhouse.
Penn Virginia Resource Partners, Radnor, Pa., manager of coal properties, acquired a 50percentt interest in a joint venture from an affiliate of Massey Energy Co., Richmond, Va., for $28.5 million.
The PanAmSat Corporation, a leading operator of commercial satellites, said yesterday that it had formed a joint venture with an affiliate of the Mexican cellular phone company Grupo Pegaso S.A. to provide Internet and satellite services in Mexico.
MARRIOTT INTERNATIONAL, -- Bethesda, Md., which manages and franchises hotel properties, said it would sell four hotels to Capital Hotel Investments, a new joint venture between Marriott and affiliates of Blackacre Capital Management, for about $274 million.
The 1.3-million-square-foot office tower is to be developed by a joint venture of Vornado Realty Trust and affiliates of the Lawrence Ruben Company, which would lease the air rights over the terminal from the Port Authority for 99 years.
This situation helps explain why on-line U.S. brokerage E*Trade not only has a Web site but also has set up a network of joint ventures and local affiliates in 29 countries and is preparing soon to add affiliated operations in France, Japan and Korea.
Through its wholly and majority-owned subsidiaries, equity joint ventures and controlled affiliates, the Company operates in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Oregon, Tennessee, Texas, Virginia, West Virginia, and Washington.
Finally, the FCC limited AOL Time Warner's right to enter into any exclusive relationship with AT&T, the nation's largest cable provider, which has a joint venture agreement with a Time Warner affiliate.
A joint venture of the Jonathan Rose Companies and an affiliate of Malkin Holdings, both based in New York City, the $20 million apartment project is the first phase of a development that is ultimately expected to include 238 mixed-income residential units and a 350,000-square-foot office tower.
The European Commission cleared the joint venture by DirecTV and SkyTerra Communications (an affiliate of equity firm Apollo Group) to buy DirecTV unit Hughes Network Systems.
