backtop


Print 16 comment(s) - last by ralniv.. on May 20 at 9:17 PM

The deal would give AT&T a an additional 20 million TV subscribers

Just as the tech industry, lawmakers, and consumers are trying to grapple with the scope of Comcast’s $45 billion purchase of Time Warner Cable (TWC); AT&T is making waves with a huge acquisition of its own. AT&T announced today its intentions to purchase satellite TV provider DirecTV for $48.5 billion.
 
The deal, which will be comprised of both stock and cash, was first rumored early this month and isn’t too terribly surprising as AT&T and DirecTV currently work together to provide bundled phone, internet, and TV service.
 
According to the USA Today, AT&T currently has 5.7 million customers on its homegrown TV service, U-verse; but the DirecTV acquisition would give it an additional 20 million TV subscribers. For comparisons sake, the combined Comcast-TWC would have 30 million TV customers.


[Image Source: Fox News]
 
If the deal is approved, AT&T would offer bundled high-speed internet, TV, phone, and mobile services though all of its 2,300 branded retail stores and its numerous authorized dealers.
 
“This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens – mobile devices, TVs, laptops, cars and even airplanes,” said AT&T CEO Randall Stephenson. “At the same time, it creates immediate and long-term value for our shareholders.”
 
Other details about the merger include AT&T’s intentions to abide by the FCC’s net neutrality rules for three years following the deal’s approval. AT&T has also made it clear that it plans to expand its broadband service to 15 million customers (mainly in rural areas). In addition, AT&T will offer standalone broadband speeds of “at least 6 Mbps” to customers who are currently served by its wireline IP broadband service and don’t wish to partake in the company’s TV service offerings.
 
AT&T expects to complete the transaction within 12 months following regulatory approval.

Sources: AT&T, USA Today



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

All I want
By inperfectdarkness on 5/19/2014 3:12:35 AM , Rating: 2
All I really want is for it to be illegal for content OWNERS to be owned by/merged with/have controlling interests in/etc. the content PROVIDERS. I.e. no vertically integrated media companies.

If we can stipulate this, then there won't be issues with net neutrality because ISP's won't be trying to play favorites to their buddy companies. ISP's will have to be a "dumb pipeline" because traffic is traffic--additional fees should only equate to a larger "pipeline", not to larger data caps or preferential treatment.




RE: All I want
By Reclaimer77 on 5/19/14, Rating: 0
“So far we have not seen a single Android device that does not infringe on our patents." -- Microsoft General Counsel Brad Smith














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki