AT&T/Time Warner Gets Mexico Regulatory Approval
Mexico's Instituto Federal de Telecomunicaciones and Comisión Federal de Competencia Económica OK'd AT&T's buy of Time Warner, AT&T said in a news release Tuesday. It said the companies still expect the deal to close by year's end. AT&T said the…
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deal requires antitrust approvals in 19 countries, and it has been OK'd in 16, with approvals pending in Brazil, Chile and the U.S. Public Knowledge said Tuesday the statement by Brazilian antitrust authority Administrative Council for Economic Defense (CADE) that the deal might need to include asset sales "reinforces U.S. consumer concerns presented to the Department of Justice and should help convince them to reject the merger in the United States.” PK said it agreed with CADE that New AT&T would be able to drive up prices for video and broadband services and would have the capacity and incentive to discriminate against competitors and coordinate with other dominant providers to hurt competition. AT&T said CADE's superintendency referring the case to its board for review is a step toward conclusion, and the deal wouldn't have anti-competitive effects.