The chairman of the Federal Communications Commission is recommending approval of AT&T's $67 billion purchase of BellSouth, according to people familiar with the matter. FCC Chairman Kevin Martin circulated a recommendation approving the purchase late last week, meaning a formal vote will likely occur at the agency's Oct. 12 meeting. The FCC's action is unusual in that it comes before the Justice Department has decided whether the deal will adversely affect competition.
September 25, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The chairman of the Federal Communications Commission is recommending approval of AT&T Inc.’s $67 billion purchase of BellSouth Corp., people familiar with the matter said Friday.
FCC Chairman Kevin Martin circulated a recommendation approving the purchase without conditions late Thursday night, meaning a formal vote is likely to occur at the agency’s Oct. 12 meeting.
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