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ATT to compete with Carlos Slim

Tuesday, May 20, 2014

U.S. telecoms giant AT&T has announced plans to acquire leading US satellite TV provider DirecTV in a deal valued at $48.5 billion.

It stands to gain the most in Latin America, where DirecTV is already one of the leading pay TV providers.

Expanding into that market won't be easy, however, as it will pit AT&T head to head with Mexican multibillionaire Carlos Slim's telecoms heavyweight, América Móvil.

Source: The Register