FCC approves AT&T-BellSouth merger

The Federal Communications Commission approved the roughly $86 billion megamerger between AT&T and BellSouth on Friday, ending a partisan standoff.

The commission, which had been split between Democrats and Republicans for months on what--if any--conditions should be imposed on the merger, accepted conditions that AT&T had proposed in a formal letter sent to the commission on Thursday. The merger was approved by 4-0 vote.

Read more...