AT&T exec looking forward to working with Trump

by David McCabe - 11/09/16 1:56 PM ET

A top AT&T executive on Wednesday said his company looks forward to working with the incoming Trump administration as it seeks to get its purchase of Time Warner approved by the federal government.

{mosads}John Stephens, the telecom company’s chief financial officer, said at a conference hosted by Wells Fargo that the company’s goals align with Donald Trump’s.

“From a company perspective, we really look forward to working with President-elect Trump and his transition team, he said. “His policies and his discussions about infrastructure investment, economic development, and American innovation all fit right in with AT&T’s goals.”

“We’ve been the leading investor in this country for more than five years running, and our Time Warner transaction is all about innovation and economic development, consumer choice, and investment in infrastructure with regard to providing a great 5G mobile broadband experience,” he added.

“So we look forward with optimism to working with the leadership and providing benefits to consumers and to our shareholders.”

The comments were provided to The Hill by a company spokesperson.

Trump, who was elected in a shocking victory Wednesday morning, has pledged to block the $85 billion deal that would turn AT&T into an entertainment powerhouse. Time Warner owns CNN, HBO and Warner Bros., among other properties.

Trump’s opposition large stems from his distaste for a media he believes is treating him unfairly.

It remains to be seen who he will appoint to major positions at the Department of Justice that oversee antitrust reviews of corporate deals.

Tags Donald Trump