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 DALLAS (AP) - AT&T Inc. completed its $86 billion buyout of BellSouth Corp., the largest telecommunications takeover in U.S. history, shortly after the Federal Communications Commission unanimously approved the deal on Friday. The FCC action came one day after the company offered new concessions for consumers and competitors.
Lawyers for AT&T and the two Democratic commissioners who had opposed the merger hammered out a compromise, the details of which were released Thursday night.
AT&T promised to observe "network neutrality" — not to favor Internet content providers who pay the company more money — and to offer $19.95 per month stand-alone digital subscriber line service. AT&T will also divest some wireless spectrum.
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