DirecTV Group will expand its ISP business. The satellite-television provider is reportedly set to sign a deal with Current Group LLC to provide high-speed Internet service carried over electric power lines. Broadband-over-power-line offers Internet access that is faster than some Internet plans from cable and phone companies. According to the Wall Street Journal under the agreement, which is expected to be signed today, DirecTV will market a bundled package of Current's broadband and VOIP services under the DirecTV brand. It already resells high-speed Internet services from AT&T, Verizon and Qwest under their brand names. Current is building out broadband networks in Cincinnati and Dallas-Fort Worth and is in talks with a number of utilities around the world regarding a commercial roll-out, the Journal reported. According to the report, DirecTV has yet to determine pricing, but says TV, Internet and phone services packages will be competitive with those offered by phone companies.
Sources: Wall Street Journal
Commentary: Internet Video: Not About to Kill Cable TV - Barron's • Cable Providers Continue To Balk At 'A La Carte' Offering • John Malone's Three Part Plan For DirecTV
Stocks/ETFs to watch: DTV, T, VZ, Q
Earnings call transcript: DIRECTV Group Q2 2007
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