Chilean regulator Fiscalia Nacional Economica (FNE) has approved AT&T’s conditionally pending acquisition of Time Warner. The regulator approved the merger with targeted behavioral conditions to address specific competition issues identified by FNE in its review of the deal but it does not require the sale or divestiture of any AT&T or Time Warner assets.
AT&T has an office in Santiago, Chile, and offers services including mobile and IP voice in the country as part of its larger presence across Latin America and the Caribbean region.
In 2010, Time Warner bought television network Chilevision for US$150 million.
With Chile’s approval, AT&T and Time Warner said they have received merger approval from 17 competition authorities outside the United States.
Full Content: Fierce Cable
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