Friday, September 22, 2006

FCC Chairman Wants Merger Approved

Reuters via MSN:
U.S. Federal Communications Commission Chairman Kevin Martin has proposed the agency approve AT&T Inc.'s acquisition of BellSouth Corp. without any conditions, sources familiar with the matter said on Friday.

Martin circulated the initial proposal late Thursday with a goal for the agency to vote at its monthly open meeting currently scheduled for October 12, these sources said, declining further identification because the deliberations are secret.