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AT&T Plans To Buy DirecTV
Photo: Tim Boyle / Hutton Archive (Getty Images)
Get ready for even less competition in television service, as telecom megalith AT&T is planning to buy El Segundo-based DirecTV for $49 billion.
CNBC reports that the deal will expand AT&T's bandwidth on their strained Internet lines by pushing viewers over to satellite TV service - that is, assuming the merger is approved by the government. DirecTV will remain based in El Segundo for now. AT&T's headquarters are in Dallas.
No word on whether this means DirecTV subscribers will be able to watch Dodgers games anytime soon, but we're not holding our breath: the merger is expected to take a year to complete.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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