Someone please explain how this creates MORE choices for consumers like AT&T is saying?
And I'm sure the announcement will be followed by 20,000+ layoffs for consolidation reasons.
And I guarantee costs start to rise and contract terms become more stringent.
AT&T agreed Sunday to buy DirecTV for about $48.5 billion in yet another mammoth deal in the pay-TV space this year that would immediately boost the telecom giant's customer base at a time of confounding industry challenges.
The merger, which both boards approved Sunday, is the latest evidence of TV-industry consolidation, one born of telecommunications companies' desire to amass customers and control content and delivery. With streaming and wireless technology upending the industry, cable and satellite service providers are rushing to add product options while boosting revenue per customer to please shareholders