We recently heard about Comcast trying to buy take over the second latest cable business and for sure there was a great possibility of others following through as well. Many rumors were also expected after this but there is one in particular which comes from a rather reliable source. According to the Wall Street Journal, AT&T has eyes on DirecTV and they have approached the company with an offer about a possible acquisition of the satellite business along with its 20 million or so customers. The offer was made at a whopping $40 billion or more.
This partnering might have caught many by surprise and there is no doubt about the fact that it does sound a bit odd that a telecom giant and satellite TV company are joining together but everyone might not be aware of this that the two companies have already been working together. They have worked together for services in places where U-verse TV doesn't reach yet and have a deal that will run until 2015 (which replaced AT&T's short-livedagreement with Dish Network back in 2009).
However we are much more curious about the timing of this announcement. Only a month earlier Bloomberg reported DirecTV and Dish Network were considering trying a merger again and we are thinking that the opportunity was exploited to its fullest. These two companies previously couldn’t enter into this agreement due to some government regulations in place.
“AT&T is expanding their rollout this week to more cities like Charlotte, San Antonio. I expect this to continue in coming weeks and months,” says technology industry analyst Jeff Kagan.(PRWeb July 31, 2014)Read the full story at http://www.prweb.com/releases/JeffKAGAN-IndustryAnalyst/ATT-1gbps-Inter ... Source: PRWeb
Full article at: PRWeb
16 hours ago, 3:36pm CDT
Raleigh is about to get a fiber Internet boost – but this time it’s Time Warner Cable at the reigns.
Time Warner Cable has announced its intention to “transform” the customer experience in seven markets with its TWC Maxx initiative, including Raleigh. Specifically, the super-fast Internet and TV service is coming to Charlotte, Raleigh, Dallas, Hawaii, Kansas City, San Antonio and San Diego.
Read: AT&T trumps Google in Raleigh, first to offer residential fiber internet
Cu ... Source: Triangle Business Journal
Full article at: Triangle Business Journal
19 hours ago, 12:02pm CDT
Sprint isn't the only company trying to buy T-Mobile US.
Iliad, a telecom in France, "has made an offer for T-Mobile US in a bold bid to counter an offer for the country's fourth-largest wireless carrier by Sprint," The Wall Street Journal reported today. But it may be too late. While Sprint and T-Mobile haven't announced a merger, the two companies "have agreed on the bro ... Source: Ars Technica
Full article at: Ars Technica
19 hours ago, 11:51am CDT
Police have arrested a man suspected in a bank robbery and bomb threat at Milford Bank in Milford on January 14.
Police said a man wearing an AT&T hard hat and safety glasses walked up to a teller at the bank at 205 Bridgeport Avenue at 8:35 a.m., put a paper bag on the counter, indicating it contained a bomb and handed the teller a note.
The teller complied with the demand and gave the man money, police said.
The man fled then toward Lenox Avenue in a car and left the p ... Source: NBC Connecticut
Full article at: NBC Connecticut
20 hours ago, 11:30am CDT
Federal Communications Commission Chairman Tom Wheeler today sent a letter [PDF via Gigaom] to Verizon Wireless, questioning its plan to throttle customers that have unlimited data plans during peak usage times. Verizon first announced its intention to throttle high-usage customers on grandfathered unlimited LTE plans last week. In the letter, Wheeler says that he is "deeply troubled" by Verizon's decision to throttle its u ... Source: MacRumors
Full article at: MacRumors
1 day ago, 5:40pm CDT
While the nation's largest internet service providers have been making lots of noise recently, the country's fastest network has stayed quiet, just like the Tennessee town it services. The small, southern city of Chattanooga, Tennessee, boasts internet speeds up to a whopping gigabit per second, thanks to a local municipal fiber internet network, and has since last year. That's the same s ... Source: Business Insider
Full article at: Business Insider
1 day ago, 5:07pm CDT
The FCC received so many comments – more than a million – on proposed changes to its net neutrality rules that its website crashed. But don’t blame SAG-AFTRA or the DGA; neither weighed in before the deadline.
“We have not filed comments,” said an official for the actors union. Likewise, said a rep for the directors: “The DGA hasn’t made any filings regarding net neutrality in the latest round.”
Related: WGA Makes Last FCC Pitch On Latest Net Neutrality Rules
The WGA, on the other hand, has ... Source: DeadlineFull article at: Deadline1 day ago, 4:24pm CDT
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