AT&T Stock Dips On Reports Trump Still Opposes Time Warner Deal

AT&T Stock Dips On Reports Trump Still Opposes Time Warner Deal

That happened after the FCC announced plans for a hearing on AT&T's bid to buy smaller T-Mobile US Inc. in 2011, and to end top USA cable provider Comcast Corp.'s deal for Time Warner Cable Inc. past year. "The company believes these licenses (primarily business radio licenses and licenses related to Time Warner's ownership of the WPCN superstation) can be offloaded easily, obviating the need for an FCC review".

AT&T Inc said on Friday it expects to bypass a powerful telecommunications regulator in its planned $85.4 billion acquisition of Time Warner Inc.

AT&T did not elaborate on how the licenses would be disposed of.

"Time Warner has conducted a review of all licenses that it holds that are granted by the FCC", AT&T wrote.

According to a Bloomberg News report, which cited people close to the president-elect, Trump is still opposed to the deal because he thinks it would concentrate too much media power in the hands of one company.

This may be hard.

When the merger was announced in October, there was doubt that the transaction would face an official FCC review, as the agency has to approve the transfer of broadcast and other licenses.

And that trend could bear out given the thoughtful tone of a Senate panel that grilled AT&T and Time Warner in a hearing last month. (TWX) than he was on the campaign trail.

The deal could still run into trouble with the Department of Justice (DOJ), where it will likely be reviewed by Trump's attorney general pick. Time Warner, the programming giant, is a separate entity from Time Warner Cable, which was recently purchased by Charter.



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