Former AT&T partners petition FCC to block DirecTV bid
Reuters
Published Sep 18, 2014 11:58AM ET
Former AT&T partners petition FCC to block DirecTV bid
WASHINGTON (Reuters) - More than ninety former business partners of AT&T Inc are demanding the Federal Communications Commision block the wireless carrier's $48.5 billion bid for DirecTV, saying the company engaged in anti-competitive behavior and violated fiduciary duty.
In a filing with the FCC, the partners operating under the Minority Cellular Partners Coalition, accuse AT&T of squelching competition and knowingly harming its business partners.
AT&T did not immediately respond to requests for comment.
(Reporting by Marina Lopes, Editing by Franklin Paul)
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