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Update: DirecTV and AT&T Make Case to Congress

Discussion in 'News' started by Athlon646464, Jun 25, 2014.

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  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Feb 23, 2007
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    Update: DirecTV and AT&T Make Case to Congress

    (The New York Times) - WASHINGTON — AT&T and DirecTV told members of Congress on Tuesday that their proposed $48.5 billion merger would be so good for competition that it would do something that has rarely, if ever, happened: pressure cable companies to lower prices.

    “Econometric analysis confirms that by making us more competitive, the merger will put downward pricing pressure on cable products — cable bundles, cable video and cable broadband,” Randall Stephenson, chief executive of AT&T, told antitrust subcommittees in both the House and Senate....

    Full Story Link & Continuing Discussion Here
     
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