AT&T Says DirecTV Acquisition Will Transform The Video Industry

The $48.5 billion purchase should be approved by federal officials “at any time,” AT&T CFO John Stephens told analysts today in a conference call to discuss Q2 earnings. And the company is “more confident than ever” that the deal will “not only transform us, but transform the industry.” But those hoping for more insight into the DirecTV transaction must continue to hold the phone: He warned that he won’t say much more about plans for using...

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