Andre Yoskowitz
4 Jul 2015 10:10
AT&T is expected to get U.S. regulatory approval later this month for its proposed $48.5 billion acquisition of satellite TV giant DirecTV.
According to source, the U.S Department of Justice has already completed their review into whether the deal breaks anti-trust laws and is just waiting on the Federal Communications Commission to do the same.
The FCC is expected to approve the deal with numerous conditions as early as next week.
AT&T is the #2 carrier in the U.S. and DirecTV is the largest pay-tv satellite company in the nation. Combined, they will form the country's biggest pay-tv company and the move will give DirecTV access to a broadband product that they can offer as part of a bundle.
As part of the expected conditions, AT&T will be forced to offer affordable high-speed Internet of at least 6Mbit/s as a standalone product without a TV bundle, and AT&T has already agreed to such a condition.
Source:
Reuters