FCC chairman pursues ‘massive deregulation effort’ for mergers
FCC Chairman Brendan Carr has indicated that a significant deregulation initiative will be a key aspect of the legacy of a potential second trump administration. As trump took office, Carr has aimed to reverse regulations impacting the tech, media, and telecommunications sectors, suggesting that this reform may encourage more merger and acquisition activity among companies. He mentioned ongoing merger considerations, such as Verizon’s interest in acquiring Frontier and T-Mobile’s potential merger with UScellular. Carr emphasized that the FCC is conducting a thorough review of existing regulations, aiming to eliminate those deemed unnecessary, in order to enhance the private sector’s operations. He also noted a new requirement for companies seeking mergers to eliminate diversity, equity, and inclusion policies. Additionally, the FCC’s Global Service Fund, which supports broadband and phone services for low-income households and rural areas, is currently under review by the Supreme Court, highlighting the ongoing evolution of telecommunications policy.
FCC chairman suggests ‘massive deregulation effort’ will lead to more mergers
Federal Communications Commission Chairman Brendan Carr predicted that deregulation in his department will be a “big part of the legacy of the second Trump administration.”
Carr began an effort to reverse regulations on the tech, media, and telecommunications industries after President Donald Trump took office. Companies with merger and acquisition deals have to go through the FCC, and Carr suggested that more companies might attempt deals because of this effort.
“We had a number right before us. Verizon is looking to purchase Frontier. T-Mobile is looking to merge with UScellular. We’re looking at all of those,” Carr said on Fox Business’s Mornings with Maria Bartiromo on Wednesday. “We’ll be landing some of these transactions pretty soon. The key is to unleash America’s private sector. The other thing we’re doing is deregulation. We launched the most massive deregulation effort in the FCC’s history. We’re looking at every rule and regulation on the book. We’re going to get rid of those that aren’t necessary anymore.”
Carr reminded viewers that the FCC is adding one rule for companies filing mergers: They must be rid of diversity, equity, and inclusion policies.
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“It’s going to be a big part of the legacy of the second Trump administration. He’s been very clear about wanting to get government out of the way, unleashing the private sector,” Carr said. “We’ve already teed up over 2,000 dockets at the FCC for closures that are sort of dormant. So, I think it will unleash America’s private sector.”
Meanwhile, the FCC’s Universal Service Fund, a $9 billion-a-year program that helps provide broadband and phone service to low-income households, rural communities, and schools, is being debated at the Supreme Court. The program is funded by fees collected from telecommunications companies, costs that are often passed on to consumers and delineated as Universal Service Fund fees.
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