News: AT&T Buys DirecTV For $49 Billion

LuLuDrops

Quote:

Telephone giant AT&T now is the world's largest pay-TV provider after completing its $49-billion takeover of satellite service DirecTV.

The Federal Communications Commission voted Friday to approve the merger. The panel's blessing came one year after AT&T petitioned for government approval — a long slog, but one that lacked the public rancor that doomed another proposed merger: Comcast and Time Warner Cable.

In approving the AT&T-DirecTV deal, FCC commissioners signaled they were not necessarily opposed to media consolidation.

Instead, FCC Chairman Tom Wheeler and his colleagues viewed AT&T's deal as a vehicle to tackle one of their highest priorities: improving the nation's high-speed Internet network. In a key condition to win approval, AT&T agreed to dramatically expand its high-speed fiber optic broadband network and upgrade Internet connections to schools and public libraries.

http://www.latimes.com/entertainment...724-story.html

Notorious K.E.N

I just got ride of both

LuLuDrops

Doing it for the schools? Charitable chanteuse

hooky

The title cutoff is so shady to DirecTV

Changes

I guess this won't really effect residential consumers too much. But if there is a price hike for the internet, people are gonna fume

Chucko

Interesting T-Mobile was just talking about wanting to buy DirecTV. Maybe it was Dish Network. My mind is fried right now.

Timber

"In a key condition to win approval, AT&T agreed to dramatically expand its high-speed fiber optic broadband network and upgrade Internet connections to schools and public libraries."

That's good.

hooky

Quote:

Originally posted by Chucko

Interesting T-Mobile was just talking about wanting to buy DirecTV. Maybe it was Dish Network. My mind is fried right now.

It was Dish. Tbh it would be a great move for them. Doesn't take away options and allows T-Mobile to make internet/TV/phone bundles. Granted it will have to be LTE internet, but at least it would be competition.

Chucko

Quote:

Originally posted by LuLuDrops

Doing it for the schools? Charitable chanteuse

No it was a shake down by the government in order to get the deal done.

LuLuDrops

I remember a Time Warner-Comcast merger fell through earlier, maybe they'll try again with different conditions.

Chucko

Quote:

Originally posted by hooky

It was Dish. Tbh it would be a great move for them. Doesn't take away options and allows T-Mobile to make internet/TV/phone bundles. Granted it will have to be LTE internet, but at least it would be competition.

I knew this I am just fried right now been a crappy work day. I don't even know why I posted that

I have a ton of ATT stock I knew this was coming.