Reuters

(Reuters)

Former AT&T partners petition FCC to block DirecTV bid

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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.

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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.