The truth is, AT if simply buying cash flows is sufficient, AT&T could just as easily buy a pharmaceutical firm. Or a dog-racing track,
AT&T’s executives may not be good at innovating anything, but they do know how to grow profits by killing competition and jobs, With DIRECTV they are reducing pay-TV choice for about a quarter of the U.S. population, U - Verse will be gone, jobs will gone. with that comes higher prices.