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Update: DirecTV and AT&T Make Case to Congress


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#1 OFFLINE   Athlon646464

Athlon646464

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Posted 25 June 2014 - 06:24 AM

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....
 

1 HR34-700, 1 C31-700, 1 HR24-500
Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010

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