It’s been reported that the Order approving the AT&T/DirecTV merger is now circulating the FCC. This deal has been tied up for quite some time, and is the reason many cite for AT&T’s pullback in the tower sector. Jonathan Chaplin at New Street Research explained, “We expect the approval later this week or early next (likely a 5-0 vote) and we believe AT&T can close the deal as soon as the order is approved by a vote. This is obviously a modest positive catalyst for AT&T; we have been getting calls from clients over the last few days who have been perplexed with the delay and have been concerned that some issue may have cropped up.” Hopefully with this huge weight lifted off their shoulders, AT&T executives can turn their attention back to wireless spending, the 2016 incentive auction, and building out their network.
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