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DOJ Clears AT&T/BellSouth Deal

Law360 (October 11, 2006, 12:00 AM EDT) -- The Department of Justice has cleared the proposed merger of telecommunications companies BellSouth Corp. and AT&T Inc., making approval by the Federal Communications Commission the only obstacle standing in the way of the $67 billion deal.

The DOJ closed its investigation of the merger without recommending any modifications to the deal. After examining the areas in which the two companies compete, the agency’s antitrust division concluded that the deal would not reduce competition.

“The presence of other competitors, changing regulatory requirements and the emergence of new...
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