AT&T Inc., joining the ranks of U.S. TV, Internet and wireless providers racing to consolidate, is in advanced talks to acquire DirecTV for about $50 billion, according to people familiar with the matter.
AT&T Inc. is under so much pressure to add wireless spectrum after its failed $39 billion bid for T- Mobile USA that it may be compelled to pay the highest premium in more than a decade to secure Dish Network Corp.
Verizon Communications Inc. Chief Executive Officer Lowell McAdam hinted in a meeting that Verizon Wireless, the company’s joint venture with Vodafone Group Plc, may not pay a distribution to its owners this year.
Sprint Nextel Corp., the company that agreed to sell 70 percent of itself to Softbank Corp., plans to acquire telecom pioneer Craig McCaw’s stake in Clearwire Corp., gaining a majority of the wireless carrier.
Softbank Corp. fell the most in six months in Tokyo trading after Dish Network Corp. offered $25.5 billion for control of Sprint Nextel Corp., sparking concerns the Japanese wireless carrier may raise its own bid.