(Adds background on telecom mergers, details on regulatory
By Diane Bartz
WASHINGTON, June 4 The U.S. House of
Representatives Judiciary Committee will hold a hearing on June
24 to discuss AT&T's proposed deal to buy DirecTV,
the panel said on Wednesday.
The $48.5 billion deal would combine the second-largest U.S.
wireless carrier with the No. 1 satellite TV provider.
Witnesses will include AT&T Chief Executive Randall
Stephenson and DirecTV CEO Michael White, the committee said in
AT&T and DirecTV announced their planned deal on May 18,
just a few months after Comcast Corp offered $45
billion for Time Warner Cable Inc, a transaction that
would create the leading U.S. cable and broadband Internet
Both deals must win approval from antitrust regulators and
the Federal Communications Commission in order to go forward.
Congress has no decision-making power in the regulatory review.
(Reporting by Diane Bartz; Editing by Ros Krasny and Sandra