Senate Panel To Examine AT&T Plan To Buy DirectTV
(Reuters) - The U.S. Senate Judiciary Committee's antitrust panel will hold a hearing on June 24 to examine the proposed purchase by AT&T (T.N) of DirectTV (DTV.O), the committee said on Thursday.
The House of Representatives Judiciary Committee will hold its hearing on the same day to discuss plans by AT&T, the No. 2 U.S. cellular operator, to buy the largest U.S. satellite TV provider for $48.5 billion.
AT&T has said that it wanted to buy DirectTV in order to offer consumers access to video in a variety of media and to give the company scale to compete with larger cable competitors.
The Senate subcommittee did not announce witnesses for the hearing. Witnesses for the House hearing include AT&T Chief Executive Randall Stephenson and DirecTV CEO Michael White.
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