The cable television industry in the United States has stated that its overarching goal is to transform from traditional multichannel video program providers to full service telecommunications providers, able to offer to consumers a full range of services, including video, local and long distance telephony, and high-speed Internet access services. AT&T is the exemplar: it has embarked on a massive program to deliver a bundle of telecommunications and advanced information services to U.S. residences. In the past year, AT&T has catapulted to become the nation’s largest cable operator through its acquisition of TCI and its proposed acquisition of Media One. Moreover, through a series of joint ventures with most of the other large cable providers, AT&T is positioned to deliver local phone service over cable to a substantial portion of the homes passed by cable in the U.S.