Telecom giant AT&T’s proposed $49 billion acquisition of El Segundo satellite TV provider DirecTV could soon get the OK from federal regulators.
The chairman of the Federal Communications Commission, Thomas Wheeler, is expected to circulate an order to approve the deal, according to unnamed sources cited by the Wall Street Journal.
The two companies explained in filings with the FCC last April that their merger would create more competition for cable television and positively impact broadband Internet service. The Department of Justice approved the proposed acquisition earlier this summer.
DirecTV does not currently offer Internet service. It would be able to tap into a growing online video audience and no longer have to rely on the waning number of satellite users while Dallas’ AT&T would get about 34 million TV subscribers.
Representatives for AT&T and DirecTV declined to comment.
The deal was first announced in May of last year.
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