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FCC Approves AT&T's DirecTV Purchase

Posted by Soulskill on from the time-to-get-large dept.

An anonymous reader writes: The U.S. Federal Communications Commission has granted approval to AT&T to purchase DirecTV for $48.5 billion. AT&T will become the largest provider of cable or satellite TV in the U.S., with 26.4 million subscribers. "Adding TV customers gives AT&T more power to negotiate with big media companies over prices for those channels. The deal also combines a nationwide satellite TV service, the country's largest, with the No. 2 nationwide wireless network as time spent on mobile devices increases." The FCC did put conditions on the deal: AT&T must make fiber internet service available to 12.5 million people, offer cheaper internet plans to low-income customers, and not mess with the internet traffic of online video competitors.

2 of 100 comments (clear)

  1. I for one, welcome our monopolistic overlords by Culture20 · · Score: 4, Funny

    I just wish it were Ma Bell.

  2. Re:Time to cut the cord by Mr+D+from+63 · · Score: 4, Funny

    They ought to make some shows about Alaska. Can't believe nobody has thought of that yet.