July 26, 2015

FCC approves AT&T–DirecTV merger

The FCC has approved AT&T's $48.5 billion acquisition of DirecTV, bringing one of the nation's largest wireless carriers together with the largest satellite TV provider. The combined firm will have around 26 million TV subscribers, making it the largest pay TV company in the country. That created some concern for regulators, but apparently not enough to stop the deal. Instead, it's been approved with conditions, including the expansion of the company's high-speed internet program. Additionally, the conditions are meant to ensure that the combined company will still include affordable internet options and give subscribers the option to access rival video services online. The Justice Department said this week that it had closed its investigation of the deal.

Read more... http://www.theverge.com/2015/7/24/8876267/att-directv-merger-approved

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