AT&T CEO to Justice Department: Bring It On
July 15, 2018
In an interview with CNBC on Friday, AT&T CEO Randall Stephenson said he thinks the chances the government will succeed in its appeal of its merger are "remote." He also said the company, which closed its deal with Time Warner last month after it won a decisive victory in federal court, is moving ahead with its plans to integrate the media company into its business.
"This changes nothing we'll be doing over the next 30 days or the next 12 months," he said. "We're about executing our plan. It's a very narrow path that would have to be traveled to get this thing reversed in any way."
The Justice Department sued AT&T to block its merger with Time Warner, citing antitrust concerns that AT&T, owner of satellite television provider DirecTV, could charge rival distributors more for Time Warner content, resulting in higher prices for consumers.
Read more at CNET News
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