The FCC approved the purchase of Suddenlink Thursday, a day after executive-branch national security...
The FCC approved the purchase of Suddenlink Thursday, a day after executive-branch national security agencies including the Justice Department withdrew a request that the commission not act as they reviewed the transaction, as happens in most telecom deals (http://xrl.us/bnxftv). After…
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the deal, the cable operator “would have a market share in the U.S. interstate interexchange market of less than 10 percent and would provide competitive telephone exchange services or exchange access services (if at all) exclusively in geographic areas served by” another “dominant local exchange carrier,” an FCC public notice said (http://xrl.us/bnxftt). Antitrust agencies had said they wouldn’t block the deal in which the operator agreed to be purchased for about $6.6 billion by leveraged buyout and pension-management firms (CD Sept 12 p18).