AT&T, DirecTv extend 'termination date' for second time

Reuters News
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Posted: Jun 29, 2015 6:27 PM

(Reuters) - AT&T Inc <T.N>, the No. 2 U.S. telecom company, said it has extended the "termination date" of the merger agreement with satellite TV provider DirecTV <DTV.O> for "a short period of time", the second time in two months.

AT&T said in a regulatory filing on Monday that the extension is aimed at obtaining final regulatory approval for the merger. (http://1.usa.gov/1IHzVJa)

AT&T in May last year offered to buy DirecTV to create the largest U.S. pay TV company. The deal highlights AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business, which has become increasingly competitive.

(Reporting By Lehar Maan in Bengaluru)