A Competition in the industry is certainly bubbling, as traditional cable companies and phone carriers move towards high speed internet streaming. Comcast’s well publicised $45 billion proposed takeover of Time Warner Cable is still awaiting regulatory approval. Should both mergers receive the necessary sanctioning from the FCC, the newly structured firms would join Verizon in assuming control over the high speed broadband market. Shares in both AT&T and DirecTV lost 1.01% and 1.24% respectively in Tuesday trading. The disappointing day return suggests Wall Street was well informed of developments prior to this most recent source. As the talks progress it’s possible that DirecTV shares will appreciate in value. Spread betters should continue to look out for news surrounding Comcast’s regulatory proceedings, as well as any further AT&T/DirecTV developments. Set up your account today at Capital Spreads.
