SBC is the country's second-largest local telephone provider. What does it want with a satellite TV company? SBC hopes Hughes and DirecTV can help it compete more effectively against cable companies such as Cox
With declining revenues and more than five times as much long-term debt as cash, though, now might not be the time for SBC to branch out into the satellite market. Besides, it's common knowledge that Murdoch and Co. don't give up easily when they've got their minds set on something. Like another episode of Celebrity Boxing, this fight could get ugly.