Telecom Industry Sees Relief in Trump Policy Agenda

The telecommunications industry is embracing the idea of a Trump administration. President-elect Donald Trump’s promises to reduce corporate taxes and to eliminate regulations have been welcomed by executives from an industry facing intense oversight. Four of the biggest players generate more than $340 billion in annual revenue from largely domestic operations. One key area for optimism is taxes. Verizon Communications chief Lowell McAdam recently expressed hope that the Trump administration will be able to lower the corporate rate. “We are not planning on getting into the 15% range; that would be great if it did,” McAdams said.