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FTC OK with AT&T' acquisition of DirecTV

Staff writer |
AT&T is getting closes to seal the deal to buy DirecTV as The Federal Communications Commission (FTC) signaled a green light for the $48.5 billion merger that would create the country's largest pay-TV company.

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FTC chairman Tom Wheeler recommended that the five-member commission vote to approve the merger, and the Justice Department said the deal did not pose a significant risk to competition.

AT&T and the FCC have spent recent weeks negotiating the conditions of the deal that combines the No2 wireless carrier with the largest satellite-TV provider, giving DirecTV a broadband product and AT&T new avenues of growth beyond the maturing wireless service. The deal was announced in May 2014.

At a special meeting in September last year, DirecTV stockholders voted overwhelmingly to approve DirecTV ’s proposed merger with AT&T Inc.

The proposed approval includes a requirement that AT&T build out high-speed Internet connections to 12.5 million customer locations and share with the FCC all traffic exchange agreements it strikes with content and web transit companies.

AT&T would also pledge to count its affiliated video services toward any data caps on fixed broadband connections, according to the proposed conditions.

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