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BCE/Ziply: Will There Be Another Trump Transaction Tax?
The FCC has now started its review of the BCE/Ziply transaction. In this note we analyze the prospects for approval. In normal times, this would not be an issue of concern for investors. But these are not normal times. In this note we analyze the normal issues (antitrust and foreign ownership) but also raise the question of whether collateral issues, which appear to be holding up a deal pending before the FCC, could lead to the BCE/Ziply deal being another case where approval is conditioned on a Trump transaction tax.
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New Street Research
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Blair Levin
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