The Instituto Federal de Telecomunicaciones (IFT) and the Comisión Federal de Competencia Económica (COFECE) approved the pending deal Tuesday, according to a statement from AT&T. The companies said they expect the deal to close by the end of the year.
Both AT&T and Time Warner stocks traded flat premarket Wednesday. Time Warner shares are up 5% this year, while AT&T is down 10% since the start of 2017.
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