Finally, the Federal Communication Commission(FCC)has approved AT&T’s acquisition of BellSouth for $86 billion after AT&T agreed to compile commission’s rulings.
AT&T, the largest provider of both local and long distance telephone services and owner of Cingular Inc, has announced the acquisition of BellSouth on March 5 last year. However, the acquisition was not recognized by FCC considering the Net Neutrality law.
The acquisition was officially approved on December 29, 2006 with two companies agreed to retain the name AT&T and take joint ownership of Cingular Wireless and Yellowpages.com.
With this approval, AT&T would provide its VoIP and other telecom services through Cingular Wireless and meet the FCC compliances.
The eweek reports that AT&T is going to adopt a new marketing strategy to reap the benefits of major acquisition.
