AT&T's proposed $49 billion purchase of DirecTV has cleared its final hurdle, according to Reuters, which reported that at least three of the FCC's five commissioners have voted to approve the deal.
AT&T reported losing 22,000 U-verse video customers during the second quarter, a reversal of the 190,000 customer additions the carrier reported during the same quarter a year ago. Conversely, AT&T's rival Verizon reported it added 26,000 net FiOS video subscribers during the period.
AT&T Mobility added fewer postpaid customers in the second quarter than analysts were expecting and many fewer than it gained in the year-ago period. AT&T notched 410,000 postpaid subscribers in the quarter and the company relied heavily on connected cars and prepaid customers for subscriber growth in the second quarter.
AT&T is confident that its 1 Gbps fiber-to-the-home is on track and is happy with the subscriber take rates it is seeing thus far in the markets where it is delivering the service. That's according to CFO John Stephens, who said the carrier is sticking to its buildout commitments.
Although AT&T appears poised to close its $49 billion acquisition of DirecTV any day now, some see the move by the telecom giant as a step backwards rather than forwards.
AT&T's $49 billion acquisition of DirecTV may have gotten the green light from FCC Chairman Tom Wheeler, but in giving his support he has asked the telco to stick to its word on its FTTH expansion and not discriminate against online video competitors like Netflix whose applications run over its broadband network.
The FCC is set to announce that it has signed off on AT&T's $49 billion purchase of DirecTV, ending a 14-month regulatory process.
Frontier Communications said in an FCC filing that it is on track with the broadband expansions it promised to make when it purchased Verizon's rural assets in 2010 and AT&T's Connecticut wireline assets in 2014.
As service providers like AT&T and CenturyLink ramp up their hardware-to-software transition plans, IHS Infonetics forecasts that the network functions virtualization (NFV) hardware, software and services market will reach $11.6 billion in 2019, up from $2.3 billion in 2015.
AT&T was awarded a contract to deploy a new next-gen 911 system for the State of Kansas from the state's 911 Coordinating Council.