Brazil gives the green signal to AT&T to acquire DirecTV


NEW DELHI: Brazil’s Agencia Nacional de Telecomunicacoes (ANATEL) and Trinidad & Tobago have given approval to American telecom service provider AT&T for the proposed $48.5 billion acquisition of DirecTV.

Earlier, AT&T had received an anti-trust approval in Brazil. Regulatory review is now complete in both countries.

In July, the merger review process was completed among regulators at the US state level.

AT&T’s Petitions with the Public Service Commissions in Louisiana and Arizona did not receive protests or interventions and the Petitions were deemed approved in July.

AT&T has also filed an informational notice with the Hawaii Commission.

It has committed to expand and enhance its deployment of both wireline and fixed wireless high-speed internet to cover at least 15 million customer locations across 48 states – most of them in underserved rural areas.

Meanwhile, DirecTV extended its exclusive $1.5 billion contract to sell the Sunday Ticket package of National Football League games.

The deal removes a potential roadblock to AT&T’s proposed $48.5 billion purchase of the satellite TV provider. AT&T had the right to pull out of the deal if DirecTV was unable to renew its Sunday Ticket pact.

DirecTV’s annual payments to the NFL would average $1.5 billion for eight years.

Reuters reported that DirecTV sells the package of Sunday games to its subscribers for about $300 a year, a key marketing advantage over cable TV competitors. Roughly two million people receive the service, which allows them to watch games outside of their local markets. 

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