WASHINGTON — The Federal Communications Commission gave Bell Atlantic and Nynex the final approval the two telcos need before they close their $25 billion merger deal.
The FCC’s blessing comes more than a year after the telcos announced their merger plans in April 1996. The Justice Dept. signed off on the combination last April. The merged companies will control local telephone business in a 13-state region from Virginia to Maine and will have combined assets of $50 billion.