AT&T Completes DirecTV Acquisition

AT&T has completed its acquisition of DIRECTV, making it the largest pay TV provider in the world with 26 million customers in the U.S. and more than 19 million in Latin America, as well as more than 132 million wireless subscribers and connections in the U.S. and Mexico, according to AT&T.

The merger will have no impact on current AT&T and DIRECTV customers. Customers of each company will have access to the same online account and services they had prior to the merger.

AT&T states that integration of the two companies will occur over the coming months.

As part of the acquisition approval, AT&T will be required to comply with a handful of guidelines set by the Federal Communications Commission. Further information can be found here.

AT&T announced that John Stankey will be CEO of AT&T Entertainment & Internet Services, responsible for leading its combined DIRECTV and AT&T Home Solutions operations. Stankey will report to Stephenson. DIRECTV President, Chairman and CEO Mike White announced his plans to retire.

AT&T could not be reached for further comment at this time.