FCC Approves AT&T's $49 Billion Deal To Buy DirecTV

Shares of AT&T rose 2% on news that the U.S. Federal Communications Commission officially approved the company's $49 billion purchase of DirecTV , which was up just under 2%. The deal, which had been in review for more than a year, comes under the conditions that AT&T will increase its fiber-broadband service, provide set-price standalone Internet service to low-income households and count its services under any broadband data caps. Shares of AT&T are up 3% in the year-to-date, while the S&P is up 1%.