In a bid to try to compete with the Big Four (namely Verizon Wireless, AT&T, T-Mobile, and Sprint), Comcast and Charter have decided to join forces in order to enter the wireless market in the United States.
This week saw United States lawmakers grill the second biggest wireless carrier in America regarding its plans to complete its acquisition of media empire Time Warner for a sum of $85 billion. Some of the questions thrown by the US Senate antitrust subcommittee revolved around how the merger would potentially impact prices for Americans or affect fair competition among online video content service providers.
The last few weeks have seen shares of both T-Mobile and Sprint improve, partly thanks to some rumors that the two major US wireless carriers are looking to merge under the upcoming administration of President-elect Donald Trump. Industry watchers believed that a merger between the two mobile operators was unlikely to happen under President Barack Obama’s reign, but that could change with Trump as the leader of the free world.
AT&T confirmed over the weekend that it will be acquiring Time Warner for a sum of $85.4 billion, which makes it one of the most expensive acquisitions in history. The merger will be done via a half stock, half cash deal, and both companies are expecting the acquisition to be finalized by the end of next year.
It appears so, according to a report published by Bloomberg just this week. Officials from AT&T and Time Warner have reportedly been involved in discussions over the past few weeks regarding a potential blockbuster merger between the wireless giant and the media powerhouse.
Charter Communications’ mega-acquisition of rival cable operators Time Warner Cable (TWC) and Bright House Networks has been given the go signal by the Federal Communications Commission (FCC). In its rather long filing detailing the approval of the deal, the FCC addressed the possibility that this trio of business entities may look to venture into wireless service territory, including introducing a new mobile virtual network operator (MVNO).
AT&T has just confirmed that it has officially completed its acquisition of satellite TV provider DirecTV for an amount of $49 billion. With this latest development, AT&T has now become the biggest paid-TV provider in all of the United States.
Verizon Wireless has finally done it. America's biggest major wireless carrier has officially completed its acquisition of AOL for $4.4 billion. Once one of the most significant early pioneers in popularizing Internet services, AOL now becomes a subsidiary of Verizon Communications, the parent entity of Verizon Wireless.
There has been talk about a merger between wireless carrier T-Mobile and satellite TV provider Dish Network for years, but nothing really concrete has come out of it. Well, until now.
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