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DirecTV, the largest U.S. satellite television provider, said on Friday it has reached an agreement with AT&T to offer a co-branded package of video, home phone, wireless phone and Internet service, starting Feb. 1, 2009.

DirecTV will begin selling the service once AT&T’s current partnership with DISH Network expires on Jan. 31. AT&T said current AT&T/DISH customers will continue to receive the same service after that date (pdf FAQ).

New AT&T/DirecTV customers will get DirecTV programming with the benefit of a discount for bundling other AT&T services including phone and broadband services. Terms of the agreement were not disclosed.

Liberty Media, which owns around 50 percent of DirecTV’s shares, said earlier this month it would like to merge DirecTV with Liberty Entertainment, if the terms are suitable to its shareholders.

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