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DirecTV, LLC is an American multichannel video programming distributor based in El Segundo, California.Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States.
AT&T Internet is an AT&T brand of broadband internet service. Previously, AT&T Internet was branded as U-verse Internet and bundled with U-verse TV, which was spun off into the newly independent DirecTV in 2021. AT&T Internet plans powered by fiber-optic cable use the AT&T Fiber brand.
AT&T is selling its remaining 70% stake in DirecTV to private equity firm TPG a decade after agreeing to buy the satellite TV provider.
On September 30, 2024, DirecTV announced its intent to acquire DISH Network, under an arrangement under which TPG Inc. will acquire the remaining stake of DirecTV it does not already own from AT&T, and then acquire DISH Network's video business from Echostar for $1 while assuming its net debt. The combined company would have had a total of ...
AT&T purchased DirectTV for $48.5 billion back in 2015. But in 2021, following the loss of millions of customers, AT&T sold a 30% stake of the business to TPG in a deal valued at $16.25 billion. Like many traditional TV providers, DirecTV has been dragged down by dwindling demand and other headaches in the ever-evolving media landscape.
DirecTV and Dish have launched internet-delivered pay-TV packages, but those have not offset losses on the satellite side. Together, DirecTV and Dish have nearly 20 million customers, which is ...
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