Fallout Election2016 AT T and Time Warner Merger Might Fall Through Following Trump Win
The 2016 election is over and Donald Trump is set to be the 45th President Of the United States and that means a whole new set of rules when it comes to rulings on acquisitions and the major carriers working with the new administration.
John Stephens, the CFO of AT&
T, who are currently in the process of trying to acquire Time Warner for groundbreaking $85.4 billion, was noted today saying that they (AT&T) are looking forward to working with Trump�s transition team. Stephens positioned AT&T as a large investor in the US and how they were looking for ways of �providing benefits to our customers and shareholders.�However, reports this morning note that AT&T and Time Warner shares had slipped in price. AT&T was down 1.2-percent and Time Warner was down 3.1-percent. These drops show there are real concerns as to whether this deal will ever happen under a Trump administration.
Trump has already voiced his opinion about the AT&T/Time Warner deal saying the deal is an example of �too much concentration of power in the hands of too few.� Trump also said it was not a deal that helped the American people, but just gave more power to AT&T.
Even Bernie Sanders has been noted raising a red flag concerning this merger.
However, the issues for carriers are not resigned to just AT&T. Sprint CEO, Marcelo Claure, was recently reported to have held a fundraiser for Hillary Clinton while saying that Trump was �just too risky.�
Now that Trump is going to be the next President, it will be interesting to see how Sprint is treated in any mergers they may want in the future. Not to mention that Trump does not seem to be a T-Mobile fan as he recently did get into a heated exchange with T-Mobile�s CEO, John Legere. Trump Tweeted him saying, �John, focus on running your company, I think the service is terrible! Try hiring some good managers.�
Even Bernie Sanders has been noted raising a red flag concerning this merger.
However, the issues for carriers are not resigned to just AT&T. Sprint CEO, Marcelo Claure, was recently reported to have held a fundraiser for Hillary Clinton while saying that Trump was �just too risky.�
Now that Trump is going to be the next President, it will be interesting to see how Sprint is treated in any mergers they may want in the future. Not to mention that Trump does not seem to be a T-Mobile fan as he recently did get into a heated exchange with T-Mobile�s CEO, John Legere. Trump Tweeted him saying, �John, focus on running your company, I think the service is terrible! Try hiring some good managers.�
download file now