More Media Consolidation. FCC approves AT&T's buyout of BellSouth

[ck4829]

"The Federal Communications Commission unanimously approved AT&T Inc.'s $86 billion buyout of BellSouth Corp. Friday, the day after the company offered a new slate of concessions for consumers and competitors.

The FCC's approval was the last major regulatory hurdle for the proposed deal, which is the largest telecommunications merger in U.S. history.

Lawyers for AT&T and the two Democratic commissioners who had opposed the merger, hammered out a compromise, the details of which were released Thursday night.

Among the conditions offered by AT&T is a promise to observe "network neutrality" principles, an offer of $19.95 per month stand-alone digital subscriber line service and a vow to divest some wireless spectrum."

http://news.yahoo.com/s/ap/20061229/ap_on_bi_ge/att_bellsouth

Well, at least they have to observe Network Neutrality, I guess that's a victory for the little guy in itself.

[Clark2008]

1. Glad I don't use either.

I have Knology for phone, internet and cable.