The Senate’s antitrust subcommittee is warning government officials of the potential harm resulting in AT&T’s planned takeover of DirecTV, according to reports.
Senators Amy Klobuchar and Mike Lee, who head the antitrust committee, wrote a letter to Attorney General Eric Holder and the Federal Communications Commission’s Tom Wheeler, outlining several key issues the AT&T merger brings up. Reports say the lawmakers are urging Holder and Wheeler to consider the effects the deal would have on access to broadband services, the potential loss of independent program, and possible price hikes by DirecTV for regional sports programming.
Reports say the letter was dated October 31.
AT&T is looking to acquire DirecTV in a $48.5 billion takeover, and the deal is just one of several high-profile communications deals currently under investigation by regulators. Reports note that Klobuchar and Lee did not take a position on whether or not the AT&T buyout should be blocked.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI