FCC GRANTS APPROVAL OF AT&T – DIRECTV TRANSACTION

attdirectWASHINGTON D.C.– July 24, 2015– The Federal Communications Commission today approved AT&T’s $48.5 billion acquisition of DirecTV, paving the way to create the largest pay-TV provider in America.

The merger brings together the nation’s second-largest wireless carrier with the largest satellite video provider. The combined company will have about 26 million TV subscribers.

As part of the deal, the FCC mandated that AT&T expand its fiber-optic Internet to 12.5 million customers and eligible schools and libraries, submit Interent interconnection agreements to the FCC, and refrain from using “discriminatory practices to disadvantage online video distribution services.”  The company also will have to offer broadband services to low-income consumers at discounted rates, an agreement AT&T announced a few weeks ago.

Read the full release from the FCC: https://apps.fcc.gov/edocs_public/attachmatch/DOC-334561A1.pdf

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