And then it just died. Comcast said it is ending its $45.2 billion bid to buy Time Warner Cable and create the nation's largest cable and broadband company. The decision to drop the deal likely clears the way for regulators to approve AT&T $48.5 billion acquisition of DirecTV.
AT&T announced Thursday the completion of the third largest corporate bond sale ever, $17.5 billion, to help pay for its $49 billion purchase of DirecTV.
AT&T has completed the third largest corporate bond sale--$17.5 billion--to help pay for its DirecTV acquisition.
T-Mobile US is asking the FCC to require AT&T Mobility to honor T-Mobile's existing roaming agreement with Plateau Wireless in the Southwestern United States. AT&T is in the process of acquiring Plateau Wireless, and T-Mobile has warned that AT&T will increase T-Mobile's roaming costs in the area unless the FCC steps in.
California Gov. Jerry Brown has told the FCC he likes the idea of a combined AT&T DirecTV because it will mean good things for the Golden State.
AT&T continues to drive more of its legacy DSL broadband customers onto its IP platform, converting around 80 percent of its subscribers to IP in the first quarter.
AT&T Mobility reported better-than-expected postpaid subscribers in the first quarter, adding 441,000 new subscribers. In addition the company reported churn of just 1.02 percent, which it said was the best it had ever reported in a first quarter.
AT&T is seeing that the rollout of fiber-to-the-premises (FTTP) is the only way it can realistically compete with both existing cable operators and emerging players, such as Google Fiber, that are offering higher speeds than it can deliver on a fiber-to-the-node (FTTN) architecture.
As AT&T prepares to report its first-quarter earnings later today, it could come under more pressure from investors to show financial progress. The pressure is coming at a time when AT&T is investing $18 billion to purchase AWS-3 spectrum, $48.5 billion to buy DirecTV and billions more to move into the Mexican wireless market.
Google Fiber may finally get the green light it needs to bring its 1 Gbps fiber-to-the-premises (FTTP) service to Portland, Ore., as state lawmakers signed a law that would exempt gigabit Internet service from a decades-old property tax initially intended for microwave towers.