AT&T Inc's proposed merger with DirecTV does not compare with other mergers shaking up the telecommunications industry because the companies largely provide different services, AT&T's chief executive told lawmakers on Tuesday."This is not Comcast/Time Warner, this is not two cable companies getting together, this is not Sprint and T-Mobile," CEO Randall Stephenson said at a hearing on the proposed $48.5 billion merger before a House Judiciary Committee panel."We're putting (DirecTV's satellite) TV product with our broadband wireless product ... There is not a content player per se in this transaction."A Senate Judiciary Committee panel also planned to hold a hearing on the deal, which is one of several proposed or considered mergers roiling the cable and wireless industries. The others are Comcast Corp's $45.2 billion bid for Time Warner Cable Inc and Sprint Corp's potential bid for T-Mobile US Inc.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.28% or $-0.1/share to $35.29. In the past year, the shares have traded as low as $31.74 and as high as $36.86. On average, 26105700 shares of T exchange hands on a given day and today's volume is recorded at 20945524.
Shares of TMUS fell by 0.88% or $-0.29/share to $32.77. In the past year, the shares have traded as low as $22.32 and as high as $35.50. On average, 4212920 shares of TMUS exchange hands on a given day and today's volume is recorded at 2966070.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.58% or $0.83/share to $143.30. In the past year, the shares have traded as low as $98.46 and as high as $147.28. On average, 2197230 shares of TWC exchange hands on a given day and today's volume is recorded at 1857534.
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