President Donald Trump said on the campaign trail that his administration would take a tough stance against mergers and consider breaking up Comcast and other conglomerates. But nearly a year into his presidency, it's now clear to Comcast's top government official that the Trump administration will instead allow more mergers than the administration of Barack Obama.
"Overall, this president and this administration is likely less hostile to horizontal growth or even vertical growth in the telecom space and elsewhere," Comcast Senior Executive Vice President David Cohen said in an interview, according to a Recode article today.
Horizontal mergers are deals between companies that make the same goods or services and compete against each other, like the Comcast/Time Warner Cable merger that was blocked by the Obama administration. (Cohen took the lead in pitching that deal to government regulators.) Vertical mergers join companies that operate at different levels of an industry's supply chain.