Jul
24
FCC Grants Approval of AT&T-DirecTV Deal With Conditions
Posted in: UncategorizedAT&T won permission Friday to buy satellite-TV provider DirecTV after promising to spread broadband to more homes and businesses.
The $48.5 billion merger creating the largest U.S. pay-TV provider was approved by the Federal Communications Commission, according to a news release from the agency. Earlier the Justice Department said it wouldn’t challenge the deal because the transaction doesn’t pose a risk to competition.
AT&T will be required to extend high-speed, fiber optic broadband Internet access service to 12.5 million homes and businesses, the FCC said.
Post a Comment