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AT&T approaches DirecTV over acquisition - report

Thursday 1 May 2014 | 08:57 CET | News
AT&T has approached DirecTV about a possible acquisition of the satellite-TV firm, people familiar with the situation told the Wall Street Journal. DirecTV is the second biggest pay-TV operator in the US, serving about 20 million customers, while AT&T's IPTV business serves about 5.7 million. The nearly 26 million subscribers served by the combined company would compare with Comcast after its planned takeover of Time Warner Cable. A deal would likely be worth at least USD 40 billion, DirecTV's current market capitalization. The acquisition would allow AT&T to offer bundles of mobile and TV

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Categories: Broadcast & Satellite
Companies: AT&T / Comcast / DirecTV / Time Warner Cable
Countries: United States
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