Sunday, June 26, 2005

SBC Cites Progress in AT&T Merger Clearance Process

SBC Communications has received clearances regarding its pending merger with AT&T in 26 of 36 states with approval or notification requirements and in the District of Columbia. The company believes the merger process will be completed in late 2005 or in early 2006.

Merger review also is well under way at the U.S. Department of Justice and the Federal Communications Commission. In addition, clearances have so far been obtained from nine of 14 countries.

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