AT&T to Lawmakers: We Can't Promise Lower Prices with DirecTV Merger
June 25, 2014 1:30 PM
comment(s) - last by
It hopes cost savings will find their way into prices
of DirecTV has many feeling skeptical due to the possibility of higher prices and fewer choices for consumers, and the telecom company's latest remarks in hearings with lawmakers didn't seem to ease that skepticism.
, AT&T CEO Randall Stephenson told lawmakers at hearings in the House of Representatives and the Senate that he can't promise lower prices for consumers "dollar-for-dollar" in the way of savings from lower content fees.
However, he does see potential savings in other forms.
"One would have to believe in the market and the market pressures, and that market pressures will compete margins away and cost savings will find their way into prices," said Stephenson.
DirecTV CEO Michael White added that savings could possibly be seen in the way of value bundles, but that committing to lower prices is difficult because of current content prices.
Both companies agree that a merger would allow them to provide rural areas with better Internet services and compete with cable companies.
But many are still concerned about what such a merger means for competition in the cable market, since both AT&T and DirecTV are in the same business.
The Justice Department and the Federal Communications Commission (FCC) will ultimately decide the fate of the merger.
AT&T and DirecTV announced their $48.5 billion USD merger just last month.
The merger comes at a sensitive time when consumers, lawmakers and the tech industry are still dealing with
Comcast's $45 billion USD purchase
of Time Warner Cable.
This article is over a month old, voting and posting comments is disabled
6/25/2014 4:43:51 PM
I agree 100%, especially with the ala carte channel selection. I haven't had cable tv (nor dish nor direct) for YEARS because of prices that increase at an idiotic rate, zero choice, and an anti consumer marketing mindset. I'm not going to pay for 300 channels of nothing to watch. Price should be no more than .50 cents per channel (.25 cents per channel would bring me back to cable INSTANTLY) and let me pick WHATEVER I want. Personally I could live with a dozen channels and an $8 a month cable bill that I would be HAPPY to pay.
What makes more sense to you, cable companies? $8 a month from a customer, or ZERO from a non-customer?
"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs
AT&T to Acquire DirecTV for $48.5 Billion in Stock, Cash Deal
May 18, 2014, 7:48 PM
Confirmed: Comcast Acquires Time Warner Cable for $45.2 Billion
February 13, 2014, 10:51 AM
Apple Adds New Password Protection for Third Party iCloud Apps
September 17, 2014, 8:50 PM
Facebook Tests Moments App, Aims to Keep Your Private Memories Private
September 17, 2014, 5:46 PM
Russian Hackers Compile List of 10+ Million Stolen Gmail, Yandex, Mailru
September 11, 2014, 11:41 AM
House Minority Leader Pelosi Criticizes FCC's "Fast-Lane" Net Neutrality Plan
September 9, 2014, 4:15 PM
Smarter Than Siri? Cortana Adds Game NFL Game Winner Prediction
September 3, 2014, 4:12 PM
Apple Says Nude Celebrity Photo Dump Wasn’t Result of iCloud, Find My iPhone Breach
September 2, 2014, 3:26 PM
Most Popular Articles
HTC Preps Nexus 9 With Nvidia K1 64-Bit "Denver" SoC, Android L Onboard
September 10, 2014, 10:21 PM
Dell Announces "World's Thinnest" Tablet: The Venue 8 7000 Series
September 11, 2014, 8:51 AM
Apple iPhone 6, iPhone 6 Plus Reviews Roll In
September 16, 2014, 9:13 PM
Samsung Calls Out “Copycat” Apple for 5.5” iPhone 6 Plus in New Ads
September 14, 2014, 11:06 PM
Confirmed: Next Generation of Windows to Be Announced on September 30
September 15, 2014, 4:43 PM
Latest Blog Posts
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information