AT&T said it received favorable tax ruling from IRS on its planne...
AT&T said it received favorable tax ruling from IRS on its planned spinoff of AT&T Broadband to Comcast. Under ruling, spinoff will be tax-free to AT&T Corp.’s U.S. shareholders. IRS ruling satisfies condition of proposed merger of AT&T Broadband…
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and Comcast and “marks a significant milestone toward completion of that merger,” AT&T said.