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The Federal Communications Commission (FCC) has reached a settlement with AT&T that resolves the agency's investigation into a January 2023 hack in which AT&T customer information was taken from a vendor's cloud environment.
AT&T has agreed to pay $13 million to resolve an investigation over a data breach of a cloud vendor in January 2023 that impacted 8.9 million AT&T customers, the Federal Communications Commission said Tuesday.
The telecom giant might have found a solution for its struggling satellite business. The company and its partner in the venture are apparently in talks to merge it with a peer.
Dish junk bonds and EchoStar's stock see gains, with Dish and DirecTV again said to be in talks about combining.
The agreement comes just in time to let DirecTV customers check out Sunday's Emmy Awards, and Monday Night Football.
Disney and DirecTV reached a crucial deal Saturday, effectively bringing back college football broadcasts for DirecTV customers who lost access to Disney networks like ABC and ESPN after the cable provider and Disney battled over a distribution agreement at the start of the month.
AT&T Inc and joint-venture partner TPG Inc are in talks to combine their DirecTV service with Dish , Bloomberg News reported on Friday, citing people familiar with the matter.
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AT&T has been able to focus on its core telecom business after dropping its media ambitions. The telecom giant offers an ultra-high dividend yield while maintaining a good payout ratio.
Seeking Alpha's quant analysis rates AT&T at hold, with strong valuation, profitability, and momentum ratings, but poor growth and revisions ratings. AT&T's valuation is favorable with P/E, price/cash flow, and price/sales ratios trending upward over the past year. Despite declining revenues, AT&T shows strong momentum with its price above key moving averages, indicating positive investor sentiment.