PARIS – AT&T said its DirecTV direct-to-home satellite-television division will not order any further satellites as the company moves to fiber and wireless-broadband distribution in the United States.

The announcement, while consistent with the company’s recent investment strategy and the erosion of its satellite-TV subscriber base, offered nonetheless striking commentary on the state of satellite broadcasting in the United States.

The U.S. market has long been seen as something of an outlier in the global satellite-broadcast market insofar as it has seen a faster take-up of . . .

To view the entire article, become a subscriber!