The Dish on AT&T's Satellite Plans

THE DISH ON AT&T'S SATELLITE PLANS
[SOURCE: Wall Street Journal, AUTHOR: Dionne Searcey dionne.searcey@wsj.com and Dana Cimilluca]
AT&T has been circling the satellite-television sector for several years, contemplating a bid for one of the two major players. Now, with consolidation in the telephone industry mostly done, AT&T appears to be getting ready to swoop in. The company has been consulting lawyers in Washington about how long it would take to get government approval to purchase either EchoStar or DirecTV. If it does make a bid for one of the satellite providers, AT&T could unveil the offer before year's end in hopes of getting federal antitrust officials to approve the combination before a new administration takes over. A deal could cost $30-40 billion.
http://online.wsj.com/article/SB119314123850168314.html?mod=todays_us_money_and_investing
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