AT&T Wireless 2014 Annual Report Download - page 5

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our Otter Media joint venture with The
Chernin Group, which is building new digital
video brands and online services.
DIRECTV’s superior quality and profi table
nationwide TV service make it economically
attractive to signifi cantly expand our high-
speed Internet service to a total of 70 million
customer locations, because people like to
buy TV and Internet service together.
Not only does DIRECTV perfectly
complement our existing business, it
signifi cantly diversifi es our revenue mix
and is expected to be accretive within
a year after close on a free cash fl ow per
share and adjusted EPS basis.
Expanding our mobile network to Mexico
We believe that the model in the United States,
with exploding demand for mobile Internet
service and all the associated economic
benefi ts, will be repeated around the world
Expanding our video business
Earlier, I pointed out that video is driving
huge increases in network traffi c. That’s no
surprise when you consider that customers
want their video on every screen, whether it’s
traditional pay TV service, video streamed
over an Internet connection or video to a
mobile device. So, in addition to our network
investments, we’ve been assembling the
other pieces needed to lead in delivering
video when, where and how customers
want it.
Our acquisition of DIRECTV, which we expect
to complete in the fi rst half of 2015, will make
us the world’s largest pay TV provider, giving
us nationwide reach in the United States,
plus 11 Latin American countries. DIRECTV’s
premier TV service signifi cantly improves
the economics and expands the geographic
reach of our current TV business. The
acquisition places us in the best position
to provide customers with integrated
packages of TV, mobile and high-speed
Internet services.
DIRECTV will also provide us with the best
content-owner relationships in the industry.
These relationships are critical to being able
to deliver premium content across multiple
screens, particularly mobile devices, to
meet consumers’ future video viewing and
programming preferences. Getting more
content to more screens is also the aim of ¡Bienvenidos, México!
AT&T is expanding into Latin
America … and bringing the mobile
Internet revolution to Mexico
Visit att.com/AR-mexico for more information
AT&T INC.
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2014 Annual Report 3