Progress for AT&T-DIRECTV Deal in Brazil, U.S.
DALLAS, July 24, 2014 — AT&T has received approval from Brazil's antitrust regulator without restrictions for the company’s proposed acquisition of DIRECTV. The U.S. state review process is also complete with no conditions.
On July 1, AT&T submitted a request for approval to the Brazilian Competition Commission (CADE). No competition concerns were raised and CADE approved the filing on July 21.
On June 12, AT&T filed Petitions with the Public Service Commissions in Louisiana and Arizona asking them to decline jurisdiction or approve the merger. No protests or interventions were filed in either state and the Petitions were deemed approved between July 7 and July 15. On June 12, AT&T also filed an informational notice with the Hawaii Commission.
If the merger is approved at the U.S. federal level, the combined companies will have an opportunity to redefine the video entertainment industry by delivering content to consumers across multiple screens – mobile devices, TVs, laptops, the backseat displays of connected cars, and even airplanes. AT&T has also committed to expand and enhance its deployment of both wireline and fixed wireless high-speed Internet to cover at least 15 million customer locations across 48 states – most of them in underserved rural areas.
AT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and internationally. With a powerful array of network resources that includes the nation’s most reliable 4G LTE network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best global wireless coverage, based on offering roaming in more countries than any other U.S. based carrier, and offers the most wireless phones that work in the most countries. It also offers advanced TV service with the AT&T U-verse® brand. The company’s suite of IP-based business communications services is one of the most advanced in the world.
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Reliability claim based on data transfer completion rates on nationwide 4G LTE networks. 4G LTE availability varies.