Boston, MA 08/26/2014 (wallstreetpr) – AT&T Inc. (NYSE:T) might probably enter into a deal with antitrust regulators so that it can easily acquire DIRECTV (NASDAQ:DTV). The New York Post reported that the wireless carrier has already reached tentative deal for buying DIRECTV. As per the report of newspaper, the #2 U.S. wireless carriers has given its nod to unspecified conditions imposed by the Justice Department, in association with this deal.
About the Tentative Deal with the Justice Department
AT&T Inc. (NYSE:T) has agreed on the deal so that its way for proposed $49 billion DirecTV acquisition becomes simpler. This has been done by the telecom giant so that it can win approval for this deal’s bid.
The Department of Justice, six weeks ago, also issued second request for further information from the carrier and it is expected that the DOJ might also sign off this deal in the near course of future. In the meanwhile, yet another body, Federal Communications Commission has not given its notion on this merger and is still lined up in the process of public comment.
Nod to AT&T and DirecTV Merger: Terms and Conditions Apply
In case, both Department of Justice and Federal Communications Commission agree on the same lines, the proposed merger might even get a go ahead signal in the first quarter.
AT&T Inc. (NYSE:T) had made announcement of this deal in May 2014 in order to acquire DIRECTV (NASDAQ:DTV), which at present, is country’s largest US satellite-TV company.
Benefits of the Deal to AT&T
In case the deal is approved by the two bodies, AT&T Inc. (NYSE:T) shall be able to enjoy furthermore 20 million subscribers of DirecTV to its already existing 5.7 million U-Verse TV service subscribers spread over 22 states in the U.S.
The critics however opine otherwise. They believe that this merger would push prices for consumers because of union of other remaining cable giants and telecom companies.
