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[Satellite TODAY 12-06-10] DirecTV expects to generate roughly $30 billion in annual sales and serve 30 million customers by 2013, DirecTV CEO Michael White said in a statement issued to investors Dec. 3.
White said company will add 200,000 customers in the final quarter of 2010, bringing its total subscriber base to 19.1 million and putting the operator on track to take in $24 billion in revenue this year.
“We’re gaining share as the rate of customer turnover is also improving. From here on out, we will pursue an organic growth strategy and I don’t see any acquisitions in the near term. The company looked at places such as China and India but was deterred by the strict regulatory requirements. We will buy back a similar number of shares each year through 2013, repurchasing roughly $5.5 billion in stock this year,” White said
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