The Chilean Fiscalía Nacional Económica (FNE) has approved AT&T’s pending acquisition of Time Warner Inc.
“The AT&T-Time Warner merger will combine premium content with the networks to deliver that content on any screen viewers want,” said David McAtee, Senior Executive Vice President and General Counsel, AT&T Inc. “We appreciate the FNE’s diligent work to evaluate and approve this merger on the strength of its benefits to competition in Chile and, most importantly, Chilean consumers.”
FNE approved the merger with targeted behavioral conditions to address specific competition issues identified by FNE in its review of the transaction. FNE’s approval does not require the sale or divestiture of any AT&T or Time Warner assets.
With Chile’s approval, AT&T and Time Warner have received merger approval from 17 competition authorities reviewing the transaction worldwide outside the United States.