DirecTV

AT&T sued for massaging DirecTV figures

If there is a headache in the shape of activist investor Elliott Management already, AT&T executives will be reaching for the aspirin once again as investors sue over suspect figures.

DirecTV shareholders approve AT&T merger

DirecTV shareholders have overwhelmingly voted for the proposed take-over by AT&T. 99% of votes cast were in favour of the deal, which, if approved by regulators, will mean 77% of all shares going to AT&T.

Dish cries foul over US mergers

US satellite operator Dish Network has submitted an official filing with regulator the FCC, expressing concerns over two of the biggest proposed mergers on the table in the US market at present. Dish wants the pending Comcast and Time Warner Cable, and AT&T and DirecTV deals to go under the microscope.

AT&T flogs America Movil stake

US carrier AT&T has offloaded an 8.27 per cent stake, worth around $5.6bn, in Latin American operation America Movil, as it seeks to fund its acquisition of DirecTV. The America Movil shares were snapped up by the company’s billionaire owner, Carlos Slim, via his holding company Inmobiliaria Carso.

AT&T to acquire DirecTV for $48.5bn

US carrier AT&T has announced plans to acquire US and Latin American pay TV player DirecTV in a deal valued at $48.5bn. The deal will create a service provider with an offering across mobile, broadband and video that is unprecedented in the market, AT&T said. The transaction, which also involves AT&T assuming $18.6bn in debt, should take a year to complete, the telco said.

US spectrum auction underway

Satellite television companies had the wireless operators on their toes Wednesday during the first rounds of bidding for advanced wireless services spectrum in the US. According to reports, a consortium of satellite operators, EchoStar Communications and DirecTV topped the bidding with a $282.5m (£148m) offer for 13 licenses. With the playing field blown wide open […]

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