Entertainment NewsEnd of Net Neutrality? AT&T is Going to Buy DirecTV for $67...

End of Net Neutrality? AT&T is Going to Buy DirecTV for $67 Billion Dollars

Date:

AT&T is on it’s way to communication domination.

The telephone company is looking to pay $67 Billion dollars for the purchase of DirecTV.

AT&T have reached an agreement for $95 a share for the satellite TV company, according to a recent report.

In the deal, AT&T will pay DirecTV shareholders $95 per share, valuing the satellite TV service provider at $48.5 billion. Including DirecTV’s debt, the total transaction’s value is about $67 billion.

The merger was approved by both companies’ boards Sunday, and is the latest example of consolidation in the TV-telecommunications sector. With steaming and wireless technology spreading and redrawing traditional service arrangements, telecoms are looking to gain customers and control content, while cable and satellite providers are looking to add product options and boost revenues [TheWrap].

This will allow for AT&T to provide television services through fiber-optics with U-Verse and satellite programming with DirecTV.

However, before the deal can go through it must be approved by federal regulators.

The last time a major acquisition such as this occurred when T-Mobile was purchased by Sprint. The deal was later rejected by Federal regulators as many argued that it was the start of a corporate monopoly.

It is too early to tell how this will affect consumers, if the deal does go through. But, many argue that this will mark the end of net neutrality.

spot_img
Megan Diane
Megan Dianehttps://www.projectcasting.com
Hi, I'm Megan Browne, the Head of Partnerships at Project Casting - a job board for the entertainment industry. As Head of Partnerships, I help businesses find the best talent for their influencer campaigns, photo shoots, and film productions. Creating these partnerships has enabled me to help businesses scale and reach their true potential. I'm excited to continue driving growth by connecting people with projects they're passionate about.

Share post:

Popular

spot_img

More like this
Related

Celebrity Trainer Refutes Steroid Accusations Targeting Jake Gyllenhaal’s Road House Physique

Key Takeaways: - Hollywood star Jake Gyllenhaal's body transformation for...

Dua Lipa Finds Emotional Support in John Cena on Her Acting Journey

  Key Takeaways: - British singer-songwriter Dua Lipa explores her acting...

Bob Odenkirk Opens Up About Surviving a Deadly Heart Attack on “Better Call Saul” Set

Key Takeaways: - Actor Bob Odenkirk experienced a heart attack...

Victoria Justice Squashes ‘Dumb’ Rumors About Cause of Her Feud with Ariana Grande

Key Takeaways: - Victorious co-stars, Victoria Justice and Ariana Grande,...