Skip to main content

DirecTV Will Launch Broadband at Year-End

Multichannel News reports that DirecTV Group is feverishly working on a broadband product to complement its direct-broadcast satellite video offerings, but it won�t likely launch until the end of the year, a company executive told analysts and investors.

Executive vice president and chief financial officer Mike Palkovic, speaking at the Banc of America Securities Media, Telecommunications and Entertainment conference, said the DBS giant is working hard on a high-speed-Internet solution and it should decide on a transmission technology by midyear.

That seemed to contradict News Corp. chairman Rupert Murdoch�s promise in late December at an investor conference in Phoenix that details of DirecTV�s broadband plans would be known to the public �within probably two months.�

News Corp. owns a controlling interest in DirecTV. Murdoch, who is also chairman of the DBS giant, has said that DirecTV would invest as much as $1 billion in a broadband initiative, and that it was investigating several different ways to offer a product -- through partnerships, on its own, or reselling another service.

Popular posts from this blog

Global Rise of Domestic Payment Ecosystems

Alternative Payment Methods (APMs) – comprising digital wallets, instant payments, and QR payment systems – are experiencing explosive growth that's reshaping the global financial services marketplace. According to the latest worldwide market study by ABI Research , the combined global transaction value for APMs is projected to reach $142 trillion by 2030. What's particularly fascinating is the underlying driver behind this trend: a growing desire for financial sovereignty, with nations developing domestic payment ecosystems rather than remaining dependent on international financial networks. Payment Ecosystem Market Development In 2024, approximately 45 percent of the global population used digital wallets – a remarkable adoption rate for a technology that barely existed a decade ago. China leads this transition, with 95 percent of its population using WeChat's payment functionality. WeChat exemplifies the "super app" phenomenon, where payment capabilities are in...