Boston, MA 09/19/2014 (wallstreetpr) – Microsoft Corporation (NASDAQ:MSFT) is up for some strategic action and so, it has become mandatory to talk about this company these days. This time, it has decided to field for AT&T Inc. (NYSE:T). Microsoft has urged the U.S. FCC (Federal Communications Commission) to give green signal to AT&T for its bid for DIRECTV (NASDAQ:DTV).
AT&T Inc. (NYSE:T) is bidding for DIRECTV acquisition in a proposed deal worth $48.5 billion. Microsoft urged FCC that the deal should be considered in a positive light so as to expand the access of America for the Internet.
FCC reviewing AT&T-DIRECTV Merger formally
Microsoft Corporation (NASDAQ:MSFT) had written a letter to the FCC on September 16, 2014, but it was made public only yesterday. The company’s request to FCC comes just after FCC is conducting the formal review of the aforementioned deal. The commission will most probably be giving its feedback and reply to the comments of public on October 16, 2014.
Widened Internet Access to Rural Customers
Microsoft Corporation (NASDAQ:MSFT) opines and backs AT&T in the findings that with this merger the rural customers of America will be able to get access to the Internet. The merger is expected to widen the Internet reach towards 13 million such customers in the U.S.
However, AT&T needs to fully talk into this matter with FCC and prove that the deal is purely in the interest of the Americans. A genuine reason needs to be there for quoting public interest because in the absence of doing so, the Justice Department will enter the picture to block this deal on the basis of violation of anti-trust laws.
While Microsoft Corporation (NASDAQ:MSFT) is backing this deal of AT&T, over 90 former partners of the latter are against the deal alleging AT&T Inc. (NYSE:T) to follow anti-competitive behavior, while also violating the fiduciary duty. These former business associates of AT&T filed their official statement with the FCC saying that AT&T is deliberately harming the competitive spirit and its business partners.
