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DirecTV to cut DSL customers

Neowin · Dec 13, 2002 21:46 EST with -1 comments

Thanks Opio for posting this in the Neowin BPN .

Seems if you have DirecTV DSL you may be in for a bit of a surprise

Hughes Electronics Corp., the top U.S. satellite television operator, said on Friday it would shut down its loss-making high-speed Internet business, three days after it and rival EchoStar Communications Corp. pulled the plug on their proposed $18 billion merger.

The Internet business, DirecTV Broadband, which operates the DirecTV DSL service, had 160,000 subscribers to its Internet service over telephone lines, but the service was expecting to post a 2002 cash flow deficit of $110 million to $120 million.

"This announcement was long overdue," said Lehman Brothers analyst William Kidd. "We'd like to see some further action on Hughes' other loss-making businesses and some reduced costs out of Hughes corporate overhead."

View: Hughes to shut down high-speed Internet Service