WASHINGTON - AT&T Inc (T.N
), the No. 2 U.S. telecom company, said it has extended the "termination date" of the merger agreement with satellite TV provider DirecTV (DTV.O
) for "a short period of time", the second time in two months.
AT&T said in a regulatory filing on Monday that the extension is aimed at obtaining final regulatory approval for the merger. (1.usa.gov/1IHzVJa
AT&T in May last year offered to buy DirecTV to create the largest U.S. pay TV company. The deal highlights AT&T's pressing need for fresh avenues of growth beyond the maturing U.S. cellular business, which has become increasingly competitive. - Reuters