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At&t Ups Revenue, Profit Forecast After Directv Buy


Ron Burgundy
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An AT&T logo and communication equipment is shown on a building in Los AngelesAT&T Inc said on Wednesday it expects revenue, earnings and free cash flow to grow through 2018 following its DirecTV purchase and investments in Mexico, though it also sees higher capital expenditure. As the U.S. wireless market reaches saturation, AT&T hopes to tap into DirecTV's video assets and has been expanding its wireless operations in Mexico to grow revenue. AT&T, which closed its $48.5 billion acquisition of DirecTV in July, also plans to deliver video content through ad-supported TV streaming and mobile video products to unlock new revenue.




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