AT&T has completed its acquisition of satellite TV provider DIRECTV with the Operator receiving the final approval from the Federal Communications Commission (FCC). The $49 billion merger will see AT&T becoming the largest pay TV provider in the United States and the world, providing service to more than 26 million customers in the United States and more than 191 million customers in Latin America, including Mexico and the Caribbean. As part of the Operator’s commitment to FCC, it has agreed to expand its broadband service to rural communities, among other conditions.
According to AT&T, in the coming weeks, it will launch new integrated TV, mobile and high-speed Internet offers that give customers greater value and convenience. With the completion of its DIRECTV acquisition, AT&T will continue to deploy its all-fiber GigaPower Internet access service – the company’s highest-speed Internet service, which allows subscribers to download a TV show in as little as three seconds.
AT&T also announced that John Stankey will be CEO of AT&T Entertainment & Internet Services, responsible for leading its combined DIRECTV and AT&T Home Solutions operations. Stankey will report to Stephenson, AT&T’s chairman and CEO. DIRECTV President, Chairman and CEO Mike White announced his plans to retire.
Randall Stephenson, AT&T chairman and CEO
Combining DIRECTV with AT&T is all about giving customers more choices for great video entertainment integrated with mobile and high-speed Internet service. 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.