- The NY Post reports AT&T (T +0.1%) has reached an agreement with the DOJ that paves the way for the agency to clear the DirecTV (DTV +0.8%) merger. No details are given on what conditions AT&T has agreed to.
- Regulators have been expected to sign off on the $48.5B merger, in spite of concerns about its potential impact on pay-TV prices in areas where AT&T and DirecTV currently compete.
- AT&T has tried to appease regulators by promising (among other things) to continue offering DirecTV's services on a standalone basis for 3 years, and to make big rural broadband investments.
- In addition to the DOJ, the FCC is reviewing the merger.
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