The US Federal Communications Commission (FCC) has recently approved the AT&T acquisition of DIRECTV, which will make the telecom company the largest pay-TV provider. This merger is worth $49 billion.
“Combining DIRECTV with AT&T is all about giving customers more choices for great video entertainment integrated with mobile and high-speed Internet service,” explains AT&T Chairman and CEO Randall Stephenson. “We’ll now be able to meet consumers’ future entertainment preferences, whether they want traditional TV service with premier programming, their favorite content on a mobile device, or video streamed over the Internet to any screen.”
In addition, AT&T believes this merger, will mark something unique and unprecedented, upon completion they say that “No single competitor will match the wide range of content we plan to offer together, in the multiple ways we will bring it you. We’re prepared to meet all of your evolving TV and entertainment needs.”
Furthermore, they note, “And soon, we’ll bring new offers of TV, wireless and high-speed Internet that are simple and flexible. So please stay tuned. We’ll be rolling out much more for you in the weeks and months ahead.”
Stephenson also says, “This transaction allows us to significantly expand our high-speed Internet service to reach millions more households, which is a perfect complement to our coast-to-coast TV and mobile coverage.”
The approval came after an FCC vote on Friday which marks the culmination of a year-long debate over the contract. In the deal, AT&T will absorb 26 million pay-TV customers.
“We’re now a fundamentally different company with a diversified set of capabilities and businesses that set us apart from the competition,” Stephenson says, adding that this deal “is all about giving customers more choices for great video entertainment integrated with mobile and high-speed Internet service.”