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...done this. OTOH, running a phone company would actually require Trump to provide a high-quality product in a very competitive market, which is likely a little more work than he would wish to do. 
There is a precedent for a Trump/MAGA phone provider; one of the far-right billionaires, Tom Monaghan I believe, runs a "pro-life" MVNO called Charity Mobile (originally Credo Mobile). (MVNOs are "virtual" phone companies like Consumer Cellular that rent time on cell towers owned by the major phone networks).
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