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AT&T to run wireless, media as separate units: source

Reuters 

By David Shepardson and Anjali AthavaleyREUTERS - AT&T Inc will run its wireless and DirecTV satellite television businesses separately from Time Warner Inc's media assets following its $85.4 billion acquisition of the entertainment group, a source told Reuters on Friday. Buying Time Warner gives AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. AT&T's post-merger plans were earlier reported by Bloomberg News.The deal, announced in October, is seen as a bold move by the telecommunications giant to acquire content to stream over its network. ...

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First Published: Fri, July 14 2017. 22:51 IST
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