It will mean they'll send you a new card. You pull one out and stick the new one in. That's it. Service should be uninterupted and unchanged for the majority of subscribers.
New card question
This just released a little under two hours ago.
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Don't be so sure Steve. I find it odd that they're dumping NDS. I think it may be more complex than that. Specifically, I think they might be making post-merger plans that involve using the DirecTV equipment if possible (it's less receivers to swap out).
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