Deals
Liberty Media’s Malone Says Cable Firms Could Buy T-Mobile
- Billionaire predicts less-restrictive regulatory environment
- Phone companies pressing into television blur business lines
John Malone
Photographer: Michael Kovac/Getty ImagesThis article is for subscribers only.
Liberty Media Corp. Chairman John Malone said the Trump presidency could open a new era of consolidation and raised the possibility that three major cable TV companies could join forces and enter the wireless business by acquiring T-Mobile US Inc.
Speaking at a Lions Gate Entertainment Corp. investor event, the cable billionaire said he expects less-restrictive regulatory oversight from the incoming Donald Trump administration. Malone, 75, became one of the largest shareholders of Lions Gate, a film and TV company, through its purchase of his Starz cable networks and other deals.