AT&T is buying a satellite TV company, which will help the telecom company increase its satellite TV service.
The deal is expected to close in the fourth quarter.
AT&t said Tuesday it will acquire Viacom-owned Globalstar Networks, which produces and distributes channels for more than 2.6 billion households.
The $2.4 billion acquisition, which is expected on Tuesday, will help AT& to increase its global video offerings and reach an even bigger audience than it already does.
The company’s video services include DIRECTV Now, DIRECTV NOW Go, DirecTV Now and AT&G Go, as well as other premium offerings.
AT &lt, the parent of Directv, said it expects the acquisition to be completed in the second half of 2018.
It will be AT<at’s first acquisition of a TV provider, the company said.
Viacoms parent company Time Warner said in a statement Tuesday that it would sell AT>, its cable TV division, to the merged company.
The two companies have already merged several times.
The combined company, dubbed AT&ts Direcnet, is scheduled to be up and running in the first quarter.
The merger would make AT&ctv the biggest cable company in the U.S. With the merger, the combined company will have an estimated total of about 7.2 million subscribers.