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AT&T Completes Purchase of DirecTV

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Jul 24, 2015, 3:16 PM by Eric M. Zeman

AT&T today said it has completed its acquisition of DirecTV. The FCC approved the acquisition earlier today, and AT&T was quick to finalize the paperwork. "Combining DirecTV with AT&T is all about giving customers more choices for great video entertainment integrated with mobile and high-speed Internet service," said Randall Stephenson, AT&T chairman and CEO. "This transaction allows us to significantly expand our high-speed internet service to reach millions more households, which is a perfect complement to our coast-to-coast TV and mobile coverage, We're now a fundamentally different company with a diversified set of capabilities and businesses that set us apart from the competition." AT&T said current customers will not need to take any action now that the deal is complete. It will take several months to fully merge the operations of both companies. AT&T said it will roll out new television, internet, and wireless packages in the months ahead.

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