**Editor’s Note: Please click here for a recap of the biggest communications mergers in Q2 2014.**
It looks like AT&T is about to become the proud owner of its own satellite TV service.
The Dallas-based carrier has come to a tentative agreement with regulators. Details are sketchy, but sources told the New York Post that AT&T agreed to a number of conditions laid out by the Department of Justice in order to comply with antitrust laws.
The article further said that official clearance from the DoJ and the FCC will come after the first of the year.
The $48.5 billion deal is just the latest in a handful of mega-mergers involving the big wireless operators and cable companies. Verizon earlier this year closed on its purchase of the rest of Verizon Wireless that it didn’t already own from Vodfaone. Comcast is in the process of seeking regulatory approval for a purchase of Time Warner Cable.
Sprint pursued an acquisition of T-Mobile USA, but pulled it when it appeared that regulatory approval would be tough to come by.
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October 18 2018 @ 22:10:09 UTC