FCC has approved AT&T’s proposed acquisition of BellSouth. This approval has finally come after AT&T offered a few more concessions to consumers, such as network neutrality, in order to break the 2 vs. 2 voting stalemate at the FCC. The deal is worth US$85 billion.
This approval clears the way for AT&T to start the re-branding of US wireless carrier Cingular, which it jointly owns with BellSouth and will now have complete ownership of.
While the finer details of the re-branding plan have not yet been made clear, the AT&T website states that it will happen in early 2007.
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