Cric info AT&T will buy Direco’s wireless broadband unit for $35 billion.
It’s the latest in a series of consolidation moves that have reshaped the wireless industry, but analysts expect more consolidation to follow.
The deal is expected to close this week.
The transaction is a significant boost for AT&Ts wireless business, which is the third-largest in the U.S. AT&ts wireless division is expected add $15 billion to the value of its wireless business this year, according to analysts at Jefferies.
AT &ts wireless is one of the biggest players in the wireless market, and it will have a bigger presence in the United States and around the world.
The deal includes AT&t, Charter Communications and CenturyLink.
AT, Charter and Centurylink also own Time Warner Cable.
The companies offer wireless broadband services.
AT is also the majority owner of Direcision Communications, which offers cable TV and internet TV services.
The Direcion deal is the largest wireless deal in the world to date.AT&Ts will take over Direcution as the company’s exclusive wireless service provider, according a statement from the company.
The company will also become the exclusive U.K. wireless service, the statement said.ATs wireless unit will also retain the companys iconic Direcisions Direcbs digital TV product and the company will retain its iconic Direcotv app.
AT will also have access to DirecTv’s online television channel and mobile apps, the company said.
AT&ts said the deal will create a “world-class wireless broadband service.”
AT&s said the agreement is expected in the fourth quarter of 2020.
It is also worth noting that AT&TS was once a competitor to Direcom.
AT’s wireless division was acquired by Charter in 2005.
AT and Charter also formed a joint venture called Time Warner.
As a result, AT&sh wireless division has been significantly disrupted by the merger of AT&tm and Time Warner, with AT&tg’s wireless unit having lost $5 billion since 2010.
AT has also lost $7 billion since 2011.
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