FCC chairman recommends OK of AT&T-DirecTV deal

NEW YORK (AP) – The head of the Federal Communications Commission has recommended approving AT&T’s $48.5 billion purchase of DirecTV.

The deal would create the country’s largest provider of cable or satellite TV.

The other four commissioners still have to vote on the proposal.

The company would have 26.4 million TV subscribers in the U.S., topping Comcast as well as a possible new giant, Charter, which wants to buy Time Warner Cable.

It would also include AT&T’s nationwide network of tens of millions of wireless customers, its Internet and landline phone services and DirecTV’s millions of customers in Latin America, where AT&T wants to grow.

Consolidation has swept the industry as people increasingly turn to the Internet for video and content costs rise for cable and satellite TV companies.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s