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AT&T - Time Warner merger to close by end of year

2017-02-10 16:37 by
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AT&T's CEO, Randall Stephenson expects that the merger with Time Warner will close before the end of 2017. Interestingly, he also expects that the merger will not need an FCC review.

"The filing has been made with the Department of Justice. The review is ongoing right now. There will not be a filing with the FCC. We’re going to assume no licenses from Time Warner," Stephenson told CNBC. "It will be a one-track review. The Department of Justice will review it."

"I've had two conversations with President Trump and his administration. In neither one of those conversations was there any discussion about this deal," Stephenson added. "So those kinds of conversations would not happen."

When AT&T announced its intention to buy Time Warner back in October, the news was met with immediate skepticism from many people, including consumer advocates, a number of U.S. Senators and also Donald Trump, then still a candidate for the presidency he now holds.

Read more -here-

 

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