Telecom giant AT&T is in plans to purchase satellite TV service DirectTV for 50 billion USD, making it possibly the largest deal by a telecom player in the years.
The move comes in the backdrop of Americans increasingly opting for streaming services. For DirecTV, partnering with AT&T will provide it with solutions to its problems of declining subscribers and pressure from cord cutters.
US broadband leader Comcast is currently persuading regulators to acquire Time Warner Cable in a $42 billion deal. That review will extend into next year, along with a review of the AT&T-DirecTV merger.
As per reports, DirecTV has the second largest pay TV subscriber base in the country but lacks a competitive broadband Internet offering of its own. AT&T, on the other hand, is moving ahead with its own broadband plans, but DirecTV’s satellite TV business would be a major prize.
For AT&T, the deal would signal its continued ambitions to grow in the US, after its attempted takeover of the rival wireless carrier T-Mobile failed in 2011 because of resistance from regulators.
Source: http://cablequest.org/news/international-news/item/4849-at-t-plans-to-acquire-directv-for-50-billion-usd.html
Source: http://cablequest.org/news/international-news/item/4849-at-t-plans-to-acquire-directv-for-50-billion-usd.html
Source: http://cablequest.org/news/international-news/item/4849-at-t-plans-to-acquire-directv-for-50-billion-usd.html
Source: http://cablequest.org/news/international-news/item/4849-at-t-plans-to-acquire-directv-for-50-billion-usd.html
No comments:
Post a Comment