AT&T tried owning a cable company once. They bought TCI for $48 billion, then later sold to Comcast (about 3 years later) for a little over $500 million cash and some stock in the resulting entity. If they are paying $80 billion for Time Warner cable, they ought to be able to unwind this deal for at least $1 billion.
Should be a good matchup while it lasts - both have lousy customer service.
They are trying to buy Time Warner, not Time Warner Cable - Time Warner Cable was actually spun off of the main company and is now part of Charter Communications.
AT & T is the owner of DirecTV.
“Should be a good matchup while it lasts - both have lousy customer service.”
And AT&T also has DirecTV so we can look forward to it’s going into the dumper too. Everything AT&T touches turns to $hit, including their customers. My goal for 2017 it to rid myself and my business completely of any AT&T product or service. I could tell you about my experience with them providing analog lines to my fire protection system, but the words I would have to use would get me banned from FR.