AT&T is making power moves that could mean more sports for it’s customers. They are attempting to acquire satellite TV powerhouse DirecTV for about $50 billion. This comes in the midst of a slow period for their wireless services, but given the fact that Comcast is waiting on regulatory approval for is $48 billion bid for Time Warner, this seems like the right move at the right time. From Reuters.com:
“This is financial engineering,” said Kevin Smithen, an analyst at Macquarie. “It is a transaction that secures the dividend for many years, taking advantage of AT&T’s relatively high valuation and low interest rates to do an accredited acquisition that will bolster its free cash flow.”
“This is a unique opportunity that will redefine the video entertainment industry and create a company able to offer new bundles and deliver content to consumers across multiple screens – mobile devices, TVs, laptops, cars and even airplanes,” AT&T Chief Executive Randall Stephenson said in a statement. “At the same time, it creates immediate and long-term value for our shareholders.”
Let’s hope that translates in to an NFL package for U-vers subscribers like me –and a cheaper rate! Let’s also hope this means improved customer service, something AT&T definitely needs to improve upon.
I hope their ready for some football.
What do you think?
Your Jersey Girlfriend,