AT&T- DirecTV Deal Gets Approval In Mexico - Quick Facts

(RTTNews) - Telecom giant AT&T Inc. (T) said that it has received approval from Mexico's Federal Telecommunications Institute or IFT for the Company's proposed acquisition of Satellite television company DirecTV Inc. (DTV). It was previously announced that the deal received approval in Brazil and Trinidad and Tobago. All required approvals are now complete in these three countries.

In July, the merger review process was completed among regulators at the U.S. state level. AT&T's Petitions with the Public Service Commissions in Louisiana and Arizona did not receive protests or interventions and the Petitions were deemed approved in July. AT&T has also filed an informational notice with the Hawaii Commission.

AT&T agreed in mid-May to acquire DirecTV for $95.0 per share in a cash and stock deal valued at about $48.5 billion. AT&T has offered DirecTV shareholders $28.50 in cash and $66.50 in AT&T stock for every DirecTV share held by them.