Judge OK's DOJ Approval Of Telecom Mergers

Law360, New York (March 30, 2007, 12:00 AM EDT) -- A federal judge gave final approval on Thursday to consent decrees negotiated by the U.S. Department of Justice over two major 2005 telecom mergers, agreeing that both settlements were in the public interest.

The settlements with the DOJ allowed SBC Communications to buy AT&T Corp. and Verizon Communications to buy MCI Inc. In both deals, the DOJ forced the companies to sell off certain overlapping assets when it filed complaints against them in 2005.

In October 2005, the DOJ approved the mergers without recommending any major...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.