Despite Comcast abandoning its Time Warner Cable (TWC) purchase in the face of government opposition, mergers of Internet and TV providers are still on the table. AT&T’s proposed $48.5 billion acquisition of DirecTV is likely to win approval from the Federal Communications Commission, The Wall Street Journal reported . And TWC could still be acquired, but by Charter Communications instead of Comcast. The FCC hasn’t publicly revealed its position on AT&T’s attempt to buy the satellite TV provider. But despite opposing Comcast/TWC, the commission “sees the AT&T deal as helping competition and aiding the spread of broadband into rural areas that lack service, people familiar with the matter said,” according to the Journal report. FCC officials haven’t yet finalized concessions that AT&T would make in exchange for approval, “but the commission’s staff is inclined to recommend the approval of the deal.” Read 6 remaining paragraphs | Comments
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AT&T/DirecTV merger likely to be approved
