Arguing its case in federal court, AT&T assured the judge that its acquisition of Time Warner would, contrary to what the Justice Department’s anti-trust suit claimed, magically bring more competition to the industry and result in lower prices for its DirecTV customers.
DirecTV is raising prices $5.00 per month. “To continue delivering the best possible streaming experience for both new and existing customers, we’re bringing the cost of this service in line with the market,” AT&T said in a statement explaining their concept of more competition.
Oh, yeah and… (from the Los Angeles Times) “The announcement comes days after an industry analyst said AT&T had quietly increased an ‘administrative fee’ on its wireless customer bills in a recent move that could generate almost $1 billion a year in additional income. The analyst speculated that some of the fee could be intended to cover the costs of the Time Warner merger.”