AT&T Inc. Posts

AT&T Inc. (T) CEO says that merger with DirecTV will let the company do bundles

AT&T Logo
AT&T CEO Randall Stephenson is trying to convince the government that its merger with DirecTV would be beneficial for consumers. AT&T CEO Randall Stephenson testified before the House Judiciary Committee today to make the case that his proposed merger with DirecTV will be good for consumers.

Continue reading →

Report: Amazon’s new smartphone will be exclusive to AT&T Inc. (T)

Amazon Logo
AT&T Inc. (NYSE:T) is reportedly getting the new unreleased Amazon smartphone as an exclusive first, according to The Wall Street Journal. AT&T gained many subscribers after getting the iPhone as an exclusive several years ago. It is unknown when the smartphone will be headed to other carriers.

Continue reading →

AT&T Inc. (T) and DIRECTV (DTV) file public interest statement with FCC

AT&T Logo
AT&T Inc. (NYSE:T) and DIRECTV (NASDAQ:DTV) said that the only way for the companies to compete against cable giants like Comcast and Time Warner Cable is for the two companies to merge, according to public interest statement they filed with the Federal Communications Commission today.

Continue reading →

AT&T has acquired DirecTV for $48.5 Billion

DirecTV_logo
AT&T announced late on Sunday that it has acquired DirecTV for about $48.5 billion. The boards at both companies have approved the deal. The acquisition will enable AT&T to cover 70 million more customer locations through broadband expansion. AT&T’s acquisition of DirecTV will allow it to offer a “bundle” of services to switch over from cable TV.

Continue reading →

AT&T Inc. (T) relaunches Cricket Wireless, shuts down Aio

Cricket Logo
Earlier this year, AT&T Inc. (NYSE:T) acquired Leap Wireless for $1.2 billion, which is the parent company of Cricket Wireless. Cricket Wireless is now being relaunched by AT&T. However, AT&T will be shutting down the prepaid brand Aio Wireless. This is because AT&T did not want to run two similar brands at the same time.

Continue reading →

AT&T Inc. (T) reportedly announcing DirecTV acquisition Sunday

DirecTV_logo
AT&T Inc. (NYSE:T) is reportedly going to announce the acquisition of satellite company DIRECTV (NASDAQ:DTV) this Sunday, according to sources with BuzzFeed. “The deal is done,” said BuzzFeed’s source. DirecTV CEO Mike White already reportedly told senior executives that the deal is finished and that the public will be given confirmation on Sunday.
Continue reading →

AT&T Inc. (T) reportedly nears $50 billion acquisition of DirecTV

DirecTV_logo
The talks between AT&T Inc. (NYSE:T) and DirecTV are heating up. AT&T is reportedly going to acquire DirecTV for $50 billion, according to
Bloomberg. DirecTV will be semi-independent following the acquisition.

Continue reading →

AT&T Inc. (T) reportedly looking into buying DirecTV

AT&T Logo
AT&T Inc. (NYSE:T) is looking at buying satellite TV company DirecTV, according to The Wall Street Journal. DirecTV has around 20 million subscribers and a $40 billion market cap. A deal of this size would bring AT&T’s TV unit to around the same size of Comcast once the company completes the deal to buy Time Warner Cable. AT&T’s TV business is estimated at around 5.7 million customers. Comcast and Time Warner Cable combined would serve around 30 million. The Wall Street Journal cited sources that claims AT&T previously approached DirecTV and Dish “in recent years.” It is believed that Comcast’s acquisition of Time Warner Cable triggered these discussions.
[Source]