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Short Take: AT&T, Teleport Communications merger approved

AT&T has completed its much-anticipated merger with local Teleport Communications Group. The all-stock transaction is valued at $11 billion, the telco said. AT&T is incorporating all TCG's current services to provide end-to-end enterprise offerings nationwide. The FCC approved the merger, removing its last majority regulatory hurdle.

AT&T has completed its much-anticipated merger with local Teleport Communications Group. The all-stock transaction is valued at $11 billion, the telco said. AT&T is incorporating all TCG's current services to provide end-to-end enterprise offerings nationwide. The FCC approved the merger, removing its last majority regulatory hurdle.