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AT&T buys BellSouth Communications for 86 Billion USD

post #1 of 12
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Quote:
The Federal Communications Commission on Friday approved AT&T Inc.’s $86 billion acquisition of BellSouth Corporation, making it the largest telecoms merger in U.S. history.

The completion of the BellSouth acquisition comes after an extensive review process which included approval by or filings with 36 states, the U.S. Department of Justice and the FCC, as well as with three foreign countries. In order to receive bipartisan FCC approval, AT&T volunteered to make broadband access increasingly affordable and available to consumers and to support public safety.
Basicly, the important part is that they'll be making a massive broadband-spreading campaign throughtout the rural United States. Coulld be good for a lot of people who are stuck with satallite or dialup.

http://dailytech.com/article.aspx?newsid=5530
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post #2 of 12
$86 bil? *whistle* That's a lot of money.

But then again, my friend could be eligible for at least DSL
    
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post #3 of 12
Cool. My parents are stuck on dialup, can't get DSL, satellite, or cable where they live.
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post #4 of 12
It might have just been cheaper to invest that money into there own network and bandwidth? Seems like a lot of money, to spend just to have to invest even more to expand. But hey they just got 1million+ accounts so I guess they will make that back in a few short years. I think 86 billion in fiber would have been a better investment.
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post #5 of 12
Maybe we can get faster DSL finally. Here its either $15/mo for 256Kbps DSL or around $60/mo for 6Mbps cable with nothing in between.
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post #6 of 12
Wow..........86bil. Where's Gates' money???
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post #7 of 12
I just hope since att just merged with sbc and now with bellsouth that once they have a monopoly that they won't raise the price of dsl too much.
    
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post #8 of 12
Good thing they broke up that monopoly before so they can rejoin under ATT...

Seriously I don't understand why we break up companies to let them reform.
post #9 of 12
Iam sure they can probably buy off whoever is in there way.
    
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post #10 of 12
86 billion? with a B?
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