Google Fiber to buy DirecTV for $40.4 billion

Google Fiber has agreed to buy satellite TV provider Directv for $4.4bn, according to Reuters.

The deal is worth an estimated $40bn, Reuters said.

It comes a month after Google bought Time Warner Cable for $45bn.

“We have more than 30 years of experience in the high-speed internet industry, and are committed to providing our customers with the fastest and most reliable broadband, which will enable them to access the things they love most,” Google said in a statement.

DirecTV is the second-largest pay-TV provider in the US, behind Comcast, according the US Department of Justice.

It also has a wide range of apps including video streaming, internet radio and video conferencing.

Google has been heavily investing in broadband, with a major move last year to buy fiber optic cable companies in Austin and Kansas City.

According to the company’s annual report, Direc TV has more than 4 million subscribers and has more paying customers than any other pay TV provider.