AT&T Clinches DirecTV Deal

John Stankey to lead new unit, Mike White to retire
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Moments after receiving the FCC’s condition-filled blessing, AT&T announced Friday that it had closed its acquisition of DirecTV, creating a pay TV provider with north of 26 million customers in the U.S. and 19 million subs in Latin America.

And the closure came with a big executive announcement – John Stankey will be CEO of AT&T Entertainment & Internet Services, where he’ll head up the combined DirecTV and AT&T Home Solutions operations, and report to AT&T chairman and CEO Randall Stephenson.

Additionally, DirecTV president, chairman and CEO Mike White announced his plans to retire.

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