The telecommunications giants are all expected to announce their major deals soon.
That’s because they’ve all been in a state of flux recently, with both AT&G and Comcast already reporting significant revenue gains over the past 12 months.
Now it looks like both companies could be looking to expand in the next few months, too.
The Wall Street Journal reports that AT&P and Comcast have already announced a deal that would bring the company back to the next level in the form of an “ultra-high-speed” broadband service.
This would be the first such deal in AT&T’s history.
That deal, however, would come with a major caveat: It doesn’t include Time Warner Cable, the cable provider that has been a big driver of the company’s fortunes.
The WSJ notes that Time Warner, which is already heavily undercapitalized, has been asking for an infusion of cash for a while now.
And, the WSJ says, Time Warner has been getting an answer from AT&E: The company will spend more money to help it expand into more markets and increase its market share.
And AT&M says it will pay Time Warner about $1 billion more to buy Time Warner cable, a move that would make it the biggest cable company in the U.S. This deal would give AT&Ts future revenue boost, the Journal says, but it’s also a sign that Time and Time will continue to work together to make their respective businesses successful.
AT&s stock was up 5% in after-hours trading on Wednesday.
