AT&T-BellSouth: Together at Last

A compromise on Net neutrality and other price concessions finally allow the long-awaited telecom merger to get the O.K.

It took longer than expected, but AT&T (T) finally won government approval for its $85 billion deal to combine with BellSouth (BLS). On Dec. 29, the last business day of 2006, the Federal Communications Commission voted to approve the largest merger ever in the U.S. telecom industry.

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