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AT&T CEO: Blocking T-Mobile Deal Will Lead to Higher Prices

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Dec 9, 2011, 8:53 AM   by Eric M. Zeman
updated Dec 9, 2011, 9:06 AM

AT&T CEO Randall Stephenson accused congress of having "an ill-formed regulatory policy when it comes to wireless carriers" at an event held in New York on Thursday. Speaking during an interview with Bloomberg, Stephenson also said, "Regulators can't keep up with the changes in the industry." He said that if the government successfully blocks the deal, it will only lead to higher prices for consumers, because AT&T won't have the capacity needed to handle data traffic volumes as they grow. The Department of Justice has sued AT&T with the intent of blocking the acquisition for antitrust reasons. The Federal Communications Commission recently released a report condemning the acquisition, saying it would lead to less innovation, higher prices, and massive job losses. AT&T maintains the opposite.

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Subject Author Date
Randall Stephenson is right, and that is why Sprint is running scared. justfinethanku Dec 9, 2011, 11:22 AM
He's right... TDBearCT Dec 9, 2011, 11:08 AM
Wake up Folks, Its the Death Star we're talking about ibnturab Dec 9, 2011, 3:29 PM
higher prices for at&t that is... not t-mobile.... vedelorme Dec 10, 2011, 2:21 PM
How to read an AT&T executive statement: CellStudent Dec 10, 2011, 11:33 AM
Why AT&T wants T-Mobile! cutboy1985 Dec 9, 2011, 1:54 PM
Right-- muchdrama Dec 9, 2011, 2:19 PM
REALLY!?! andy2373 Dec 9, 2011, 1:04 PM
Blackmail? Captain Ahash Dec 9, 2011, 12:45 PM
Prices will go up... mycool Dec 9, 2011, 12:12 PM
All Lies terryjohnson16 Dec 9, 2011, 9:53 AM
 
 
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