Trump administration could block T-Mobile/Sprint merger, AT&T CEO says

Enlarge / AT&T CEO Randall Stephenson at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 22, 2014. (credit: Getty Images | Bloomberg)

AT&T's CEO predicted that T-Mobile USA and Sprint will have a difficult time getting their merger approved because the deal would eliminate a major competitor.

AT&T CEO Randall Stephenson was interviewed at a Recode conference on Wednesday, and he discussed the pending T-Mobile/Sprint deal as well as AT&T's pending acquisition of Time Warner Inc.

"I think [T-Mobile and Sprint] have a tough hill to climb, I mean, it's a classic horizontal merger where you're taking a competitor out of the marketplace," Stephenson said.

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