US to examine AT&T deal to buy Time Warner

Monday, 24 October 2016 - 11:42

US+to+examine+AT%26T+deal+to+buy+Time+Warner

US lawmakers and both presidential candidates have raised questions about AT&T's deal to buy Time Warner.

The US telecoms giant, already the country's third largest cable provider, is paying 85.4 billion dollars for the company, which owns CNN and HBO.

A Senate subcommittee responsible for competition will hold a hearing in November.

However, AT&T's chief executive Randall Stephenson believes regulators will approve the deal.



Indian youth rescued by STF after falling 300 ft off a cliff while climbing Sri Pada
Friday, 29 March 2024 - 16:39

An Indian youth, identified as 25-year-old Bharat Chandradas from Mumbai, Maharashtra, found himself in a perilous situation after falling approximately... Read More

Jaffna Farmer (60 yr old) sets Cholan World Record: pulls 1550 kg with beard and hair
Friday, 29 March 2024 - 16:16

Chelliah Thiruchelvam, a 60-year-old farmer from Jaffna, made headlines as he achieved a remarkable feat by pulling a 1550 kg Tata Ace for 500 meters with... Read More

Export revenue nearly One billion rupees in two-month period - State Minister
Friday, 29 March 2024 - 15:28

Small and Medium Enterprises Development State Minister Prasanna Ranaweera stated that Sri Lanka has recorded an export income of Rs. 983.7 million rupees... Read More