FCC, DOJ Transition Teams Point to Lighter Regulatory Touch, Macquarie's Yong Says
Having Jeff Eisenach and Mark Jamison on the FCC transition team could portend "favorable regulatory backdrop" for industry, said Macquarie Research analyst Amy Yong in a note to investors Sunday. That could point to an FCC regulatory regime that opposes…
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net neutrality and preserves broadband pricing power, she said. Eisenach and Jamison are seen as conservative voices advocating telecom deregulation (see 1611210045 and 1611250022 and 1611230014). Pointing to CenturyLink's planned buy of Level 3, Yong said "a more conservative and pro-business FCC will bode well." She said FCC Chairman Tom Wheeler will likely leave the position on or before the Jan. 20 presidential inauguration. She said parties joining the DOJ transition team (see 1611210045 and 1611180043) -- such as McGuireWoods lawyer J. Patrick Rowan, Morgan Lewis lawyer Ronald Tenpas, Morrison & Foerster lawyer Jessie Liu, and Jones Day lawyers Gregory Katsas and James Burnham -- all have "conservative backgrounds that could lead to smoother deal approvals."