AT&T CEO: Trump, Kaine are ‘uninformed’ on Time Warner merger
Candidates in the White House race who have expressed skepticism about AT&T’s proposed merger with Time Warner are “uninformed,” the CEO of AT&T said Tuesday.
“I’m not surprised,” said Randall Stephenson when asked about comments from Republican presidential nominee Donald Trump and Democratic vice presidential candidate Tim Kaine, according to The Hollywood Reporter. “They are uninformed comments.”
{mosads}”Anybody who characterizes this as a means to raise prices is ignoring the basic premise of what we’re trying to do here.”
His comments, at a conference hosted by the Wall Street Journal, come as the companies brace for a major regulatory battle over the proposed $85 billion deal. The review will include the Justice Department and potentially the Federal Communications Commission.
Trump has been staunchly against the deal since before it was formally announced.
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