Regulatory approval of AT&T-DirecTV deal near at hand
AT&T’s $49 billion acquisition of DirecTV is under review by regulators at the Department of Justice and the Federal Communications Commission. Reports indicate that the process is nearing its end, and that the deal is expected to pass.
According to the Wall Street Journal: “The Justice Department and Federal Communications Commission have nearly wrapped up their reviews of AT&T Inc.’s $49 billion acquisition of DirecTV and aren’t likely to block what would be the biggest media deal of the past year, people familiar with the matter said.”
The Communications Workers of America (CWA)supportsthe deal because it will benefit consumers and workers. CWAfiledits support with the Federal Communications Commission and urged the Commission to approve the transaction: “The proposed AT&T/DIRECTV merger will advance the deployment of high-speed broadband, strengthen competition in the video and broadband markets, and promote collective bargaining and good, career jobs.”
U.S. Authorities Near End of AT&T-DirecTV Review, Unlikely to Block Deal (Wall Street Journal, May 12, 2015)
AT&T, DirecTV deal moving forward (Speed Matters, May 1, 2015)
CWA says AT&T-DIRECTV merger will advance broadband buildout, help consumers, workers (Speed Matters, Sept. 16, 2014)
CWA members oppose AT&T’s attempts to stop serving rural and low-income communities in California
CWA urges FCC to deny industry attempts to loosen pole attachment standards
CWA District 6 reaches agreement with AT&T Mobility