Filed by DIRECTV pursuant to Rule 425 under the Securities Act and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934.
Subject Company: DIRECTV
Commission File No.: 001-34554
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1.
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What was announced?
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Today, DIRECTV announced that it is combining with AT&T to create a leading provider of content across mobile, video & broadband platforms.
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2.
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Why is DIRECTV combining with AT&T?
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This combination brings together two leading companies with complementary strengths and scale in mobility, video and broadband services.
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Together, DIRECTV and AT&T will be well-positioned to realize substantial incremental growth by offering consumers competitive and innovative broadband, video and mobile services.
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The combined company will cover 70 million customer locations with its broadband expansion and be a stronger alternative to cable with a better customer experience.
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Together, we will be well-positioned to meet the evolving video and broadband needs of the 21st century marketplace.
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3.
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How does this transaction benefit DIRECTV Customers?
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For our valued customers, this is truly a win-win.
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Together, DIRECTV and AT&T will be a stronger competitive alternative to cable for consumers wanting a better bundle of top-quality broadband, video and mobile services, as well as a better customer experience and enhanced innovation.
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Consumers will also benefit from the combined companies’ additional scale in video content distribution across its mobile, video and broadband networks.
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Given its distribution scale, the combined company will better meet consumers’ future viewing and programming preferences, whether traditional pay TV, on-demand video services like Netflix or Hulu streamed over a broadband connection (mobile or fixed) or a combination of viewing preferences on any screen – mobile, TV, laptop, tablet, or on a backseat display in a connected car.
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AT&T intends to expand its plans to build and enhance high-speed broadband service to 15 million customer locations, mostly in rural areas where AT&T does not provide high-speed broadband service today. This new commitment is on top of the fiber and Project VIP broadband expansions plans AT&T has already announced.
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Customers will be able to buy broadband service stand-alone or as part of a bundle with other AT&T services.
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4.
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Will there be any changes to DIRECTV’s products, services and contracts? Will there be any immediate changes to my service?
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Until the transaction closes, DIRECTV and AT&T will continue to operate as separate companies.
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The merger announcement will have no impact on DIRECTV’s products, services or programming.
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Following the close of the transaction, customers can expect an even better experience and a broader offering.
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We expect the transaction to close within 12 months.
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We are committed to continuing to provide you with the world-class customer service and the best video and entertainment experience that you know and love.
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5.
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Will I still have access to all of my channels?
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Yes.
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6.
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Will I still be able to get NFL SUNDAY TICKET?
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Yes.
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7.
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Will my pricing change? Will I have to pay more?
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DIRECTV’s TV service will continue to be available on a stand-alone basis at nationwide package prices.
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These prices will be the same for all customers, no matter where you live, for at least the next 3 years.
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8.
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I am a customer of DIRECTV and AT&T– can I now bundle these services?
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Once the transaction has closed, the combined company will offer consumers bundles that include video, high-speed broadband and mobile services using all of its sales channels.
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9.
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Will I be able to get a better price since I am buying services from both DIRECTV and AT&T?
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We will provide information regarding specific products and services of the combined company once we close the transaction.
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10.
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How do I pay my bill? Can I pay at AT&T stores now?
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Until the transaction closes, DIRECT V and AT&T will continue to operate as separate companies.
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The merger announcement should have no effect on our operations or how we at DIRECTV go about our business.
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For now, customers should continue to pay their bill just as they always have.
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11.
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How long before the deal closes?
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The transaction is expected to close within approximately 12 months.
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12.
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Where can I learn more about AT&T products and services?
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AT&T’s website, www.att.com is a great place to learn more about the company and its products and services.
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13.
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Where can I find additional information?
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As we move through this process, we will continue to keep you updated on important developments.
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If you have any questions please do not hesitate to reach out to your usual DIRECTV contacts.
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