AT&T shares jump, bigger DirecTV savings expected

April 22, 2015 9:52 PM

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DALLAS (AP) — AT&T (T) said Wednesday it expects bigger savings from its proposed purchase of satellite TV company DirecTV, and shares of the second-largest U.S. wireless carrier rose in aftermarket trading.

The Dallas company said it now thinks it can achieve $2.5 billion in annual savings from the DirecTV deal within three years of closing. That's up from its previous estimate of $1.6 billion.

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