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The federal government said Tuesday it won't pull the plug on AT&T's $48.5 billion deal to buy DirecTV, clearing the way for the merger of the No. 2 wireless carrier and the No. 1 satellite TV service.
AT&T agreed to buy DirecTV in May 2014, saying the deal would give it a larger base of video subscribers and improve its competitiveness against Comcast and Time Warner Cable. The merger could allow AT&T to improve its Internet service by pushing its U-verse TV subscribers into video-over-satellite service, freeing up bandwidth on its network.
"If the conditions are approved by my colleagues, 12.5 million customer locations will have access to a competitive high-speed fiber connection," Wheeler said. "This additional build-out is about 10 times the size of AT&T's current fiber-to-the-premise deployment, increases the entire nation's residential fiber build by more than 40 percent, and more than triples the number of metropolitan areas AT&T has announced plans to serve."
http://www.nbcnews.com/news/us-news/justice-department-approves-t-directv-merger-n396196
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The future lies ahead
amen
AT&T agreed to buy DirecTV in May 2014, saying the deal would give it a larger base of video subscribers and improve its competitiveness against Comcast and Time Warner Cable. The merger could allow AT&T to improve its Internet service by pushing its U-verse TV subscribers into video-over-satellite service, freeing up bandwidth on its network.
"If the conditions are approved by my colleagues, 12.5 million customer locations will have access to a competitive high-speed fiber connection," Wheeler said. "This additional build-out is about 10 times the size of AT&T's current fiber-to-the-premise deployment, increases the entire nation's residential fiber build by more than 40 percent, and more than triples the number of metropolitan areas AT&T has announced plans to serve."
http://www.nbcnews.com/news/us-news/justice-department-approves-t-directv-merger-n396196
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The future lies ahead
amen