UPDATE: DirecTV Renews Deal With AT&T, But Laments Rising Programming Costs Following Strong 3Q

UPDATE, 11:30 AM: DirecTV shares are up 6.3% after it reported better-than-expected sub growth in 3Q — and a three year extension of its deal with AT&T to sell co-branded TV, broadband, and wired and wireless phone services in 22 states. The agreement, which now runs through March 2015, covers areas where AT&T does not offer its U-verse video service. There’s “no material change” in the terms, DirecTV CEO Mike White told analysts in a conference call. He added that it’s “too soon to say” whether DirecTV will offer more bundles with Verizon broadband services.  “The question will be how customer friendly the (Internet usage) caps are.”  White says he talks to everybody about packaging broadband service with DirecTV — and that could include Dish Network if it uses the wireless spectrum it’s amassing to sell a wireless Internet service. DirecTV is “thinking (more…)

This article was printed from https://deadline.com/2011/11/directv-reports-strong-3q-sub-growth-and-revenues-but-misses-earnings-expectations-190383/