AT&T buys DirectTV to counter Comcast and Time Warner Cable

by bold-lichterman

The supplier has 20 million customers in the United States and 18 million in Latin America

logo-at & tThe American operator AT&T will get its hands on DirecTV, a television service provider with 20 million customers in the United States and 18 million in Latin America, for 48.5 billion dollars in order to create a new television giant. the satellite television sector across the Atlantic. DirectTV shareholders will receive more exactly $ 95 per share, including $ 28.5 in cash and $ 66.5 in AT&T shares.

This transaction will allow AT&T to form a major player against Comcast, which has bought Time Warner Cable, and to generate $ 1.6 billion in synergies according to the figures put forward. “DirectTV is the best option because they have a strong mark in pay TV, the best relationships in terms of content, and is growing in Latin America,” said Randall Stephenson, president of AT&T.

“American consumers will have access to a more competitive package; the shareholders will benefit from the valuation of the merged company; and employees will have the benefit of being part of a stronger, more competitive company, well positioned to meet the needs of high bandwidth video and the evolving 21st century marketplace, ”adds Mike White, President of DirecTV.