Wednesday, October 11, 2006

DoJ Approves AT&T-BellSouth Merger

Roy Mark writes on internetnews.com:

The AT&T-BellSouth proposed merger cleared its first regulatory hurdle today with a resounding thumbs up from the Department of Justice (DoJ), which unconditionally approved the $67 billion deal.

A Federal Communications Commission (FCC) approval would make AT&T the largest U.S. provider of landlines with 70 million customers in 22 states.

The FCC is scheduled to vote on the merger Thursday morning.

More here.

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