News

DirecTV Buys An Installer

4/18/2008 8:00 PM Eastern

Looking to gain control of its installation network, DirecTV is acquiring 180 Connect Inc., one of North America's largest providers of installation, integration and fulfillment services, in a $105 million deal, officials said last Friday.

Under the terms of the agreement, DirecTV will acquire 100% of 180 Connect's outstanding common stock and exchangeable shares for $1.80 per share.

The deal is expected to close in the third quarter.

Prior to the acquisition, DirecTV had outsourced all its installation service operations through 13 home-service provider companies.

“Our installation technicians are the first, and often the only, point of face-to-face contact that a customer has with DirecTV, and this merger underscores the importance we place on this interaction,” Mike Palkovic, DirecTV's executive vice president of operations, said in a prepared statement.

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