Monday, May 19, 2014

AT & T buys pay-TV platform DirecTV … – Five Days

U.S. phone operator AT & T has reached a definitive agreement to acquire DirecTV for $ 67.100 million (EUR 48.978 million), including debt platform satellite pay TV, in cash and stock, reported the company said in a statement.

Under the terms of the agreement, shareholders will receive $ 28.50 DirecTV per share in cash and $ 66.50 in other measures of AT & T.

The agreed price represents an adjusted value 7.7 times the gross operating profit (EBITDA) for 2014 estimated DirecTV.

Following the close of the transaction, which is expected to complete in the course of the next twelve months, DirecTV shareholders will control between 14.5% and 15.8% of AT & T.

U.S. telecom operator expects the purchase of DirecTV provide cost synergies of more than 1,600 million dollars (1,168 million euros) in the third year of the closing of the transaction.

Also, in order to facilitate the approval of the purchase by the regulatory authorities Latin America, AT & T will carry out the divestment of its interest in the operator America Movil.

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