Consolidated's Planned Takeover of FairPoint Gets Antitrust Clearance
Consolidated Communications' planned buy of FairPoint Communications got the green light on antitrust grounds, said an FTC early termination notice Wednesday. The FTC publishes the notices for both it and the DOJ, the traditional reviewer of telco transactions. The $1.5…
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billion takeover still needs FCC and state regulatory approvals. Analysts don't see difficult regulatory hurdles and the companies expect the deal to close in mid-2017 (see 1612050030).