DirecTV shareholders approved the satellite TV provider's proposed merger with AT&T, an action that removes one of the final hurdles to the blockbuster telecom transaction.
DirecTV shareholders are more than okay with the proposed buyout of the company by AT&T. The satellite operator said Thursday that shareholders overwhelmingly approved the merger, with 99 percent voting in favor on a base representing 77 percent of all outstanding company shares.
AT&T cleared a large hurdle in its quest to purchase DirecTV as the satellite TV provider's shareholders have given the green light for the proposed deal.
Tom Hughes, AT&T's vice president of small business product management, is one of the executives leading the charge on AT&T's fiber rollout. He recently spoke to FierceTelecom about AT&T's fiber-to-the-building program and the company's new Business Fiber product. Hot Seat
AT&T and Verizon are both well known as having large-scale networks that can serve the largest multinational corporation customers, but their recent moves to enhance their fiber offerings for businesses show they want to keep a tighter rein on the small to medium business (SMB) market where their brands are still household names.
AT&T and Verizon not only think that 4 Mbps is a sufficient definition for broadband, but they have told the FCC that the regulator should not look at data caps when defining whether an Internet service should be qualified as a broadband service.
With Dish Network and Sony still working out the nitty-gritty content details of their respective over-the-top TV services, AT&T made its own grab for cable-wary cord-cutters and cord-nevers, announcing a $40 U-verse introductory package that offers broadband, a slimmed-down cable package, HBO and Amazon Prime membership. The caveat? The deal lasts just one year, after which subscribers must take a higher-priced, traditional IPTV bundle.
Verizon Communications has hired TAP Advisors LLC to look into a sale of network assets including its cell towers, according to a Reuters report.
AT&T has set an aggressive path to enhance the reach of its fiber network into more buildings to serve businesses through its fiber-to-the-building (FTTP) program. One of the key voices in developing new products for AT&T's FTTB effort is Tom Hughes, vice president of Small Business Product Management. Sean Buckley, senior editor of FierceTelecom, sat down with Hughes to talk about the progress AT&T has made with its FTTB initiative and the new Business Fiber product.
AT&T is serving up a new promotional offer that gives U-verse customers a bundle of broadband, HBO and a year of Amazon Prime for $40 for one year.