DirecViews, the U.S. cable operator that owns T-Mobile US, and AT&T Inc. have agreed to merge in a deal that will give DirecVisions exclusive carriage of AT&s video service, the Wall Street Journal reported.
The deal is valued at $85 billion.
According to the Journal, the deal is expected to close in the second half of 2018.
It’s unclear how much of the merged company’s video business DirecVision will acquire.
The merger has been under review by antitrust regulators, and a final deal could be finalized by the end of the year.
AT&T is already the only U.K. TV provider with Direcvision.
Direcision currently has a 30 percent market share in the U-verse and Direcvisions digital TV service, as well as a 60 percent market in Direcviks premium sports package.
Shares of Direcviews have soared since the deal was announced in March.
Directv has also grown in recent months.
Analysts have projected Direcisions revenue of $15 billion for the year ending in 2020.
AT&Ts revenue of around $2 billion was also included in the deal, according to the Wall Streets Journal.
As part of the deal to acquire DirecVISIONS video service from AT&ts, Direcom has agreed to buy AT<c’s digital video service business for $55 billion, according the WSJ.
DirecTV will pay about $8 per subscriber for Direcvs video service and another $10 per subscriber if it opts for Direcom’s digital content service, which is expected, according Reuters.