AT&T CEO Stephenson "optimistic" about Trump impact on telcos
26 January 2017 | James Pearce
AT&T CEO Randall Stephenson said he was optimistic about the future of tax and investment in the US after meeting President Donald Trump earlier this month.
Stephenson claimed he did not discuss the telco giant’s proposed $85 billion takeover of Time Warner, something Trump said he opposed during the presidential campaign, but said the President had expressed a “specific agenda” for tax and regulatory reform.
"I would tell you that the man, the president, is focused on these. I left with a degree of optimism that this could actually be pulled off this year."
Stephenson was speaking as AT&T posted a slight dip in revenue, from $42.1 billion in Q4 2015 to $41.8 billion. Net income fell from $4.01 billion to $2.44 billion.
Trump appointed Pai, a critic of the regulator’s stance on net neutrality, earlier this week, replacing Obama-appointee Tom Wheeler, who stepped down.
AT&T has been locked in a legal dispute with the FCC over its net neutrality rules, launched in February 2015, and has fallen foul of the regulations on a number of occasions. Earlier this month, the regulator accused AT&T’s DirecTV package of violating zero rating rules.