A combined AT&T-DirecTV will be good for rural customers, effectively helping bridge the digital divide, but it has no connection with Comcast's proposed purchase of Time Warner Cable, AT&T argues in a new filing with the FCC.
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.
DirecTV has chosen ViaWest as its data center provider to support its network infrastructure.
Whether it's net neutrality, AT&T's proposed acquisition of DirecTV or Sprint's desire to purchase T-Mobile US coming to fruition, it's clear that the FCC has a lot on its plate this year.
AT&T's bid to merge with DirecTV is expected to be at the top of the agenda at Allen & Co.'s annual Sun Valley, Idaho, conference, long seen as an off-the-record industry incubator.
America Movil's shareholders Inmobiliaria Carso and Control Empresarial de Capitales are going to purchase AT&T's 8.27 percent stake in the company for $5.57 billion.
AT&T CEO Randall Stephenson told separate antitrust subcommittees in both the U.S. House and Senate that his company's proposed acquisition of DirecTV would "put downward pressure on cable products--cable bundles, cable video and cable broadband" but stopped short of assuring elected representatives that prices would be coming down.
AT&T has told federal regulators that its proposed acquisition of DirecTV could give it more muscle to reduce programming costs by 20 percent.
AT&T has made another concession to get regulatory approval of its $48.5 million proposal to acquire DirecTV by promising that it would extend fiber to the home (FTTH) services to more locations.
AT&T's proposed $48.5 billion deal to acquire DirecTV will not only make it a powerhouse video provider. As part of the deal with DirecTV, AT&T has committed to expand its broadband services footprint to 15 million customer locations, particularly in unserved rural areas where the telco does not provide service today, using a combination of fiber to the premises (FTTP) and wireless local loop technologies.