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Tuesday, June 24, 2014

AT&T tells US lawmakers DirecTV deal is not Comcast/Time Warner, (NYSE: T), (NYSE: TMUS), (NYSE: TWC)

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," he said.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 landscape. The other two are Comcast's $45.2 billion bid for Time Warner Cable and Sprint's potential bid for T-Mobile US.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.06% or $0.02/share to $35.41. 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 8356280.

Shares of TMUS fell by 0.12% or $-0.04/share to $33.02. 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 953181.

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 1.14% or $1.62/share to $144.09. 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 841780.



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