Friday, December 29, 2006

FCC approves AT&T-BellSouth merger

The Federal Communications Commission approved the roughly $86 billion megamerger between AT&T and BellSouth on Friday, ending a bipartisan standoff.

The commission, which had been split between Democrats and Republicans for months on what--if any--conditions should be imposed on the merger, accepted conditions that AT&T had proposed in a formal letter sent to the commission on Thursday. The merger was approved by 4 to 0 vote.

http://tinyurl.com/y76ls5

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