By Thomas Gryta

Randall Stephenson, the chairman and chief executive of AT&T Inc., entered Trump Tower in New York on Thursday morning to meet with a president-elect who has expressed concerns about the company's proposed purchase of Time Warner Inc.

President-elect Donald Trump vowed before his election to block the $85 billion merger, which would combine the country's biggest pay-TV provider with one of the biggest media companies.

At a campaign rally in October, Mr. Trump said the deal would concentrate too much power in the hands of too few. He hasn't spoken publicly on the matter since winning the election.

Mr. Stephenson and Robert Quinn, the company's top executive in Washington, didn't speak with reporters on their way into the building.

In recent testimony before Congress, Mr. Stephenson defended the transaction as increasing competition but said he hadn't yet discussed the deal with Mr. Trump.

Write to Thomas Gryta at

(END) Dow Jones Newswires

January 12, 2017 10:39 ET (15:39 GMT)

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