The sudden merger of At&T and Time Warner has at least one San Antonio City Councilman watching closely for what comes next.
“The speed at which the proposed merger between AT&T and Time Warner came about was really the only surprise” Councilman Ron Nirenberg told KTSA News, pointing out the industry has been moving more and more in the direction of mergers.
“Whether or not the merger is approved by regulators is a different question, and will likely take some time” Nirenberg said.
At this point, Nirenberg said the impact of the merger at the local level remains to be seen.
“Both Time Warner and AT&T as content providers are State issued franchises, so the City of San Antonio receives 5% of gross operating revenues from each of those companies as providers” Nirenberg said, adding the City is “open for business” when it comes to telecommunications.