MKM Partners on Tuesday put out a research note suggesting that AT&T has a temporary freeze on many wireline and wireless capex (capital expenditures) projects. This would run counter to previous suggestions that in 2014, AT&T would decrease wireline capex projects while increasing wireless capex projects (and overall stay flat between the two). One of the few projects that seems to have survived this freeze is called Project Stream.
AT&T & DirecTV announced $49B deal, what comes next for consumers?
Yesterday, AT&T agreed to acquire DirecTV in an equity deal valued at $48.5 billion. Including net debt, the transaction values the biggest satellite-TV provider in the U.S. at $67.1 billion. Let's not forget that Comcast, the largest cable-TV company in the country, is waiting for regulatory approval for its $45 billion quest to join forces with Time Warner Cable.
Reuters is reporting that AT&T is set to announce the acquisition of DirecTV tomorrow, according to a report by online news website Buzzfeed.com. Rumors have been circulating for some time now that AT&T has been in discussions to buy DirecTV for nearly $50 billion.
AT&T could announce DirecTV deal for $48B within weeks
Rumors of AT&T acquiring DirecTV have been around for decades now. But now the Wall Street Journal is reporting that AT&T could acquire DirecTV in as little as two weeks. According to the WSJ, insiders claim that the deal will be worth around $48 billion, and that AT&T will pay for the transaction primarily with stock.