Former AT&T partners petition FCC to block DirecTV bid

Thu Sep 18, 2014 11:57am EDT
 
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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)

 
A Direct TV dish is seen outside a home in the Queens borough of New York July 29, 2013. REUTERS/Shannon Stapleton