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. Last Updated: 07/27/2016

AT&T-BT Deal Cleared

LONDON -- British Telecommunications PLC and AT&T Corp. have received U.S. antitrust clearance for their $10 billion global joint venture, putting the deal on track for final regulatory approval by the autumn.

BT and AT&T said the U.S. Justice Department approved the deal without conditions late Monday afternoon, paving the way for the two biggest carriers in the world's most competitive telecoms markets to pool their global assets.

The last regulatory hurdle remaining for the venture is approval from the U.S. Federal Communications Commission.