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Friday, November 14, 2014

U.S. FCC seek details of AT&T's plan to pause fiber spending, (NYSE: T)

The U.S. Federal Communications Commission on Friday asked AT&T Inc to provide specifics of its plan to stop investing in high-speed Internet connections in 100 cities until the FCC sorts out new "net neutrality" rules. The FCC is reviewing AT&T's proposed $48.5 billion bid to purchase DIRECTV, and in Friday's letter asked the No. 2 wireless carrier to detail its plans to limit fiber deployment following the merger and turn over all documents related to the decision.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.81% or $0.288/share to $35.90. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 20063400 shares of T exchange hands on a given day and today's volume is recorded at 13552155.