AT&T completed its acquisition of DirecTV last week, about a year after it was first announced. To be honest, I was never a big fan of this move. Pay TV is not a growing business, and I believe AT&T's dollars would have been better spent expanding its broadband business in the U.S. But now that AT&T owns DirecTV and its 20 million U.S. subscribers (plus 19 million in Latin America), what should we expect?
Level 3 Communications' EVP and CFO, Sunit Patel, maintains that as AT&T and Verizon focus more of their attention on wireless and entertainment, the company will benefit as it pursues new growth opportunities in the enterprise services space.
For many years, telecom was pretty much a man's world. But that is steadily changing as women continue to move into leadership positions at Tier 1 telcos like AT&T, competitive carriers, and industry advocacy groups like NTCA.
AT&T has called a proposed $100 million fine levied against it by the FCC for alleged throttling "unprecedented and indefensible."
The just-consummated merger between AT&T and DirecTV has created the largest pay-TV operator in the U.S. with around 28 million subscribers. But Evercore ISI doesn't believe that scale will enable the combined company to overcome endemic pay-TV problems.
AT&T announced late Friday that its purchase of DirecTV has closed. The news ends more than a year of work by AT&T to purchase the satellite TV provider and creates the nation's largest pay-TV provider by customers. AT&T CEO Randall Stephenson added that AT&T now can offer "video streamed over the Internet to any screen."
AT&T has agreed to extend its 1 Gbps FTTP service to more E-rate eligible schools and libraries in its wireline footprint as one of the concessions of its now-completed acquisition of DirecTV.
Now that the two largest wireless operators have reported their second-quarter earnings, it's a good time to start speculating how they might spend their budgets the rest of this year.
The second-quarter 2015 earnings reporting season has begun, and FierceTelecom is tracking how key players in the wireline telecom industry performed. Check here throughout the reporting season for updates on providers, vendors and integrators in this segment.
AT&T said it has officially closed on its $49 billion acquisition of DirecTV following FCC approval of the transaction. The news brings to a close a review process that lasted over a year.