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Thursday, September 18, 2014

Former AT&T partners petition FCC to block DirecTV bid, (NYSE: T)

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.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.48% or $0.1678/share to $35.19. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 19706600 shares of T exchange hands on a given day and today's volume is recorded at 5449946.