Getting your player ready...
DALLAS—AT&T Inc. and DirecTV Inc. are launching a cobranded satellite television service that will be available to customers beginning after the telecommunication company’s current deal with Dish Network expires early next year.
The service, called AT&T DirecTV, will become part of the Dallas-based telecommunication company’s advanced TV video portfolio after Jan. 31.
Terms of the deal, which the two companies said was a non-equity arrangement, weren’t disclosed.
In the second quarter, Englewood, Colo.-based Dish reported a net loss of 25,000 subscribers, the first in the company’s history.
AT&T shares fell 7 cents to $30.00 in trading Friday while El Segundo, Calif.-based DirecTV shares rose 32 cents to $26.55.
