FCC ready to approve AT&T’s expensive DirecTV buyout
The FCC appears to be nearly ready to approve AT&T’s buyout of DirecTV for nearly $49 billion dollars, although it looks like that approval is going to come with a few conditions. The deal was announced about a year ago and has been subject to plenty of scrutiny from the FCC, just like any other acquisition of this size.
The FCC’s Tom Wheeler has stated that the conditions attached to the merger should help increase broadband competition for consumers. AT&T will be required to build out their fiber network to new customers, and they’ll be unable to exclude any of their own streaming services from their broadband data caps. It would’ve been nice to keep AT&T from imposing data caps in the first place, but hey, take what you can get.
The deal should be voted on in the near future, after which the deal will become official.
source: Wall Street Journal
via: re/code
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