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DIRECTV, Inc. and 180 Connect Inc. have completed the previously
announced transaction enabling DIRECTV, the nation’s
leading satellite television service, to gain control over a significant
portion of its installation and home service network. With the
acquisition of 100 percent of its outstanding common stock, 180 Connect,
one of North America’s largest providers of
installation, integration and fulfillment services to the home
entertainment, communication, and home integration service industries,
becomes a wholly-owned subsidiary of DIRECTV.
In a related transaction, UniTek USA, LLC has acquired 180 Connect’s
cable services operating unit and certain DIRECTV installation services
from DIRECTV, in exchange for UniTek’s
satellite installation services in New York, Burbank, California and
Bloomington, California and cash.
“With the close of the 180 Connect agreement,
we’ve taken an important step toward
developing the best installation network in the industry and further
enhancing customer satisfaction,” said Mike
Palkovic, executive vice president, Operations, DIRECTV, Inc. “Improving
the service experience for our customers is as important as anything we
do on the technology and content side of our business and we believe we
will now be in a stronger position to better understand and meet the
challenges of providing a high-quality experience for our customers.”
Through the transaction, DIRECTV gains control of one of its largest
installation and home service providers and transitions approximately
3,200 employees in 46 U.S. market locations, throughout California,
Colorado, Oregon, Washington, Utah, Montana, Idaho, Wyoming, Arkansas,
Virginia, Hawaii, Western Pennsylvania and New Jersey. Prior to the
acquisition, DIRECTV had outsourced all its installation service
operations through 12 home service provider companies.
About DIRECTV, Inc.
DIRECTV, Inc. (NASDAQ:DTV),
the nation’s leading satellite television
service provider, presents the finest television experience available to
more than 17 million customers in the United States and is leading the
HD revolution with 95 national HD channels –
more quality HD channels than any other television provider. Each day,
DIRECTV subscribers enjoy access to over 265 channels of 100% digital
picture and sound, exclusive programming, industry-leading customer
satisfaction (which has surpassed cable for eight years running) and
superior technologies that include advanced DVR and HD-DVR services and
the most state-of-the-art interactive sports packages available
anywhere. For the most up-to-date information on DIRECTV, please visit www.directv.com.
About 180 Connect Inc.
180 Connect Inc. is one of North America’s
largest providers of installation, integration and fulfillment services
to the home entertainment, communications and home integration service
industries. With more than 4,000 skilled technicians and 750 support
personnel based in over 85 operating locations, 180 Connect is well
positioned as the only pure play national residential service provider
in the market. 180 Connect shares are traded under the name of 180
Connect Inc. on the OTCBB under the symbols CNCT.OB, CNCTU.OB and
CNCTW.OB. For more information about 180 Connect Inc, please visit www.180connect.net.
About UniTek USA, LLC
UniTek USA, LLC, is a premier provider of engineering, construction
management and installation fulfillment services to companies
specializing in the telecommunications, broadband cable, cellular and
satellite industries. UniTek has created a scalable operating platform,
enabling each UniTek subsidiary to deliver quality services to its
Fortune 100 customers. UniTek USA, LLC, based in Blue Bell, PA utilizes
a diverse workforce of over 5,000 technicians deployed throughout the
United States. For more information about UniTek, please visit www.unitekusa.net.