COMPANY TOWN ANNEX
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From Times Staff and Wire Reports
U S West to Buy Cable Properties: U S West Inc. is expected to announce a $1.2-billion purchase today of two Atlanta cable TV companies from investor Robert Bass. With the purchase, U S West, which provides local phone service in 14 states in the West, will have access to 466,000 cable subscribers, a prime base to launch a competitive phone service in metropolitan Atlanta. The deal involves a stock swap merger with Wometco and a cash purchase with debt assumption of Georgia Cable Television.
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