AT&T and TPG in Early Talks to Merge DirecTV with Dish's EchoStar

MT Newswires Live09-16

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.

Price: 21.63, Change: -0.01, Percent Change: -0.05

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment