AT&T, which paid $49 billion to acquire DirecTV in 2015, has faced increasing pressure from investors to get the satellite distributor on a more promising path. This week, the notion that the c…
in 2015, has faced increasing pressure from investors to get the satellite distributor on a more promising path.
, the activist hedge fund that has taken a $3.2 billion position in AT&T and last week issued a harsh letter criticizing its direction.reported that the company is actively considering a sale of the unit, citing unnamed insiders. John Stankey, who has runover the past two years, is poised to take on a bigger role as COO and will have oversight of the Communications unit, which includes DirecTV.
Ergen was asked about the notion of DirecTV combining with Dish, which is smaller at about 12 million subscribers. “There is certainly synergy and economics in that,” he said, though it’s far from certain that such a combination “would pass regulatory muster.” Dish held negotiations to combine with DirecTV in 2014, only to lose out to AT&T.
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