AT&T’s future — and the future of AT&T’s peers and competitors — depends on whether the megadeal goes through. AT&T challenged the government’s decision in court, and a verdict in the trial, which has now ended, will be announced June 12.
Most antitrust experts initially expected AT&T’s deal with Time Warner to be approved by a Trump administration. But during the 2016 presidential campaign, then-candidate Trump said he would block the deal. Still, Department of Justice regulators are supposed to make decisions independently from the president.
“AT&T hired several consultants to help us understand how the President and his administration might approach a wide range of policy issues important to the company, including regulatory reform at the FCC, tax reform, and antitrust enforcement, specifically our Time Warner deal,” the company said in the memo.
Watch the video above to find out what’s at stake as the acquisition hangs in the balance.