AT & T announce plans to acquire DirecTV
On Sunday, AT & T announced that it has plans to acquire DirecTV in a deal worth $48.5 billion.
AT & T has committed to expanding its services and with the addition of DirecTV the company will be able to do so by offering customers bigger and better mobile, broadband and TV bundles. It will also allow it to offer content to consumers over a number of screens such as mobiles, TV’s, laptops and cars.
In anticipation of possible concerns that regulators might raise, AT&T said it will provide standalone, wired Internet service of at least 6 Mbps for at least three years and DirecTV said it would do the same for its TV service.
The deal is still being discussed and will need to pass muster with regulators before it can be finalised.
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Image by Mike Mozart.