Latest News and Rumors on AT&T

Being the largest mobile and fixed telephone provider means that AT&T has frequent news and activities that are taking place. Below are some of the latest news and rumors from the company.

Upgrade of the Push-to-Talk Services

AT&T has a more enhanced Push to Talk service. The service is more versatile and has more features. Businesses can now select more devices and accessories to use and it is now flexible to migrate from older push to talk systems. The Integrated Dispatch solution gives businesses better control of employees.

The enhanced service is suitable for different jobs. It enables all users to say connected at all times by its ability to move from cellular and Wi-Fi networks.

Sale of the rest of America Movil stake

AT&T has decided to sell its equity at America Movil of 8.3% to Carol Slim who is a billionaire. The sale will cost $5.6 billion and it will bring to an end the partnership that has been there for 20 years. The company will get $4.57 billion at first and $1 billion later. The sale is taking place in order for the company to get regulatory approval for the DirecTV takeover. DirecTV has operations in Latin America, which means it would be in competition with America Movil.

AT&T to fund the improvement of internet access in Schools.

AT&T has offered $100 million to help improve access to broadband internet for schools in the US. Only 30% of the schools are connected and White House has an initiative called ConnectED, which plans to connect ninety-nine percent of the classrooms to digital learning by the year 2017.

The money will be used to provide 50,000 students in middle and high school in schools in Title 1, free connectivity to the Internet using AT&T 4G mobile broadband.

Takeover for DirecTV for $48.5 billion

AT&T is planning to buy DirecTV a satellite television provider for $ 48.5. If the takeover is approved, it will boost AT&T’s television services that are landline based. The shareholders of DirecTV will get two thirds in shares of AT&T and a third cash.

According to the chairman of AT&T, Randall Stephenson, the acquisition will enable AT&T to save costs exceeding $ 1.6 billion annually by the third year. It also brings an opportunity that will redefine video entertainment and enable the company to provide new bundles while delivering content on multiple screens such as TVs, mobile devices, cars, laptops, and airplanes.