Seeking Alpha

Report: AT&T reaches DirecTV accord with DOJ

  • The NY Post reports AT&T (T +0.1%) has reached an agreement with the DOJ that paves the way for the agency to clear the DirecTV (DTV +0.8%) merger. No details are given on what conditions AT&T has agreed to.
  • Regulators have been expected to sign off on the $48.5B merger, in spite of concerns about its potential impact on pay-TV prices in areas where AT&T and DirecTV currently compete.
  • AT&T has tried to appease regulators by promising (among other things) to continue offering DirecTV's services on a standalone basis for 3 years, and to make big rural broadband investments.
  • In addition to the DOJ, the FCC is reviewing the merger.
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Comments (5)
  • locutus49
    , contributor
    Comments (1057) | Send Message
     
    I will be very suspicious of pay-offs to government officials if they stop this merger and then allow the hideous Comcast-TW merger, a merger of the 2 worst companies in the country (source: WSJ).
    25 Aug 2014, 06:51 PM Reply Like
  • 153972
    , contributor
    Comments (835) | Send Message
     
    Just another ripoff for US customers in the long run.
    25 Aug 2014, 08:45 PM Reply Like
  • dostoevsky228
    , contributor
    Comments (246) | Send Message
     
    And the stock does absolutely nothing on what should be good news? WHY?
    25 Aug 2014, 08:49 PM Reply Like
  • brilliantstorm
    , contributor
    Comments (43) | Send Message
     
    Be patient with AT & T! These shares should not be trading at such a discount to Verizon....T is worth a lot more than it's 'relative' market-price. I look for $40.-$42. within the next 12-18 months and with a 'modest' divvy increase-to boot!

     

    Long & Strong!
    25 Aug 2014, 08:56 PM Reply Like
  • dostoevsky228
    , contributor
    Comments (246) | Send Message
     
    Years and years of being patient wear thin. VZ has simply outclassed, out-maneuvered, better synergies (VOD over DTV) out-performed T for close to a decade now.
    26 Aug 2014, 10:55 AM Reply Like
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