Sources are reporting that the Federal Communications Commission has voted to approve the $48.5 billion merger of AT&T and DirecTV, according to Reuters.
“At least three of the five FCC commissioners have voted in favor of the deal with conditions, according to the sources, who spoke anonymously because the votes have not yet been made public,” Reuters reported late Thursday. “The FCC’s vote, likely to be completed and announced on Friday, was the last regulatory step toward the completion of the merger between the second-largest U.S. wireless carrier and the largest satellite-TV provider.”
The deal received a stamp of approval earlier this week from the Justice Department after FCC Chairman Tom Wheeler unveiled details about the conditions the panel will place on the acquisition.
“The conditions cover various aspects of the business, including Internet services for middle-class and low-income Americans and AT&T’s treatment of Internet video providers,” Reuters reports. “In a first for the FCC, the agency also seeks to establish an independent monitor to ensure AT&T complies with conditions.”