Shareholders Approve AT&T Broadband's Merger With Comcast

AT&T Broadband shareholders recently approved a $27 billion merger with Comcast, which would create the nation's largest cable company, with approximately 22 million customers. The deal is still subject to regulatory approval.

AT&T has been seeking approval from local franchise authorities to allow an official change in the cable provider from AT&T to a combined company called AT&T Comcast. Roughly half of the local franchise authorities in AT&T's 2400 communities must give their approval for the changeover, and so far 89 percent have, less than two percent have not and the remainders are expected to decide on the issue within four weeks.