AT&T tells the FCC that they cannot provide internet and video on their own

AT&T Inc's (T.N) acquisition of DirecTV (DTV.O) would offer consumers access to video in a variety of media and give the company scale to compete with larger cable competitors, AT&T told U.S. regulators on Wednesday.

AT&T, the No. 2 wireless carrier, outlined why its proposed $48.5 billion acquisition of the largest U.S. satellite TV provider would benefit consumers in a filing with the Federal Communications Commission, which will examine whether the merger is in the public interest.

"Each company cannot provide on its own what consumers increasingly demand: an integrated and efficient bundle of high-speed broadband and high-quality video from a single provider,” AT&T said in the filing.

A merger would allow customers to save on services through wireless, wireline and television bundles AT&T cannot provide because of its limited video footprint, the company said.

http://www.reuters.com/article/2014/06/11/us-at-t-directv-fcc-idUSKBN0EM2PD20140611


COMMENT: So I guess that whole U-verse product they peddle is just jury-rigged and can fail at any moment, right?