December 29, 2006
After months of internal wrangling and false starts, the FCC late Friday unanimously approved the $84 billion merger of AT&T Inc. and BellSouth Corp.
Democratic Commissioners Michael Copps and Jonathan Adelstein said in separate statements that they finally agreed to the transaction once AT&T provided more conditions in the public interest. They noted they still were not wholly pleased with the largest telecommunications merger in history, but, Copps said, I believe that we have made this transaction at least minimally acceptable to American consumers.
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