AT&T Inc. (NYSE:T) has filed a lawsuit against Cox Communications. AT&T claims that Cox is infringing seven AT&T patents that covers technology ranging from DVRs to packet loss over a network.
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.
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.
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.
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 →
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.
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 →
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.