AT&T (T) and TPG (TPG) are in early talks to merge their jointly owned DirecTV satellite TV service with Dish Network's (SATS) EchoStar, Reuters and Bloomberg reported Saturday, citing unnamed sources. familiar with the matter.
If successful, the merger would create the largest pay-TV service provider in the US, with around 16 million subscribers.
In 2022, the US Justice Department previously blocked the proposed merger of DirecTV and EchoStar.
Reuters reported that if successful, the merger would strengthen the combined entity's bargaining power with content providers. For Dish, the merger would allow a stronger focus on developing its 5G wireless network.
AT&T, TPG, and Dish Network did not immediately respond to requests for comment from MT Newswires.
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