- Zacks•19 hours ago
According to a recent Bloomberg report, U.S. telecom behemoth AT&T Inc. (T) will wind down its DIRECTV satellite TV services in a phased manner within next 3 to 5 years.
- American City Business Journals•2 days ago
AT&T – which is expected to premier its streaming service DirecTV Now later this year – will work to make streaming its primary TV platform by 2020, according to a report from Bloomberg. Under the timeline, set-top boxes and satellite dishes could be obsolete in three to five years, according to the report , which cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward the software-centric future of TV .
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