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U.S. Senate panel to examine AT&T plan to buy DirectTV
June 12, 2014 / 7:06 PM / 3 years ago

U.S. Senate panel to examine AT&T plan to buy DirectTV

WASHINGTON, June 12 (Reuters) - The U.S. Senate Judiciary Committee’s antitrust panel will hold a hearing on June 24 to examine the proposed purchase by AT&T of DirectTV, the committee said on Thursday.

AT&T, the No. 2 U.S. cellular operator, said in May it planned to buy the largest U.S. satellite TV provider for $48.5 billion.

In a regulatory filing this week, AT&T said it needed DirectTV’s customer base to give it economy of scale. (Reporting by Diane Bartz and Ros Krasny; Editing by Peter Cooney)

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