October 21, 2020 / By mobanmarket
In a move described as the latest “telecommunication mega-merger,” wireless giant AT&T, the nation’s second-largest carrier, has announced its intention to purchase DirectTV, the nation’s single largest satellite television provider, for an estimated $50 billion.
According to Time magazine’s Sam Gustin:
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News of the deal follows on the heals of an already pending mega-merger between cable giants Comcast and Time Warner cable which critics have sited as a deal that would further monopolize the communication’s industry into fewer and fewer hands.
The New York Times reports, “People knowledgeable about both deals said that if AT&T and DirecTV announced a merger, it could complicate the review of Comcast’s bid for Time Warner Cable because antitrust regulators might want to consider both deals simultaneously.”
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And Reuters adds:
Though it might make “a lot of sense” for the two corporations, it remains much less clear, however if such mergers are a good deal for consumers who have been increasingly marginalized as their cable and service options dwindle in an ever-concentrating marketplace.
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