Telecom

AT&T Bulks Up Again


Thirty years ago, antitrust regulators broke the old AT&T (T) into seven Baby Bells to create more competition in the telephone industry. Since then the introduction of new transmission technologies such as cellular phones and satellite broadcasting has transformed communication. That hasn’t stopped a march back toward consolidation, as AT&T’s proposed $48.5 billion purchase of satellite provider DirecTV (DTV) shows.

Weise_190
Weise is a reporter for Bloomberg Businessweek in New York. Follow her on Twitter @kyweise.

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