Monday, March 21, 2011

USA - AT&T CEO claims LTE infrastructure is "critical" to success of economy

[wsj] AT&T Inc. (T) Chief Executive Randall Stephenson said that a super-fast wireless network covering a majority of the country is critical to the U.S. economy, making a case for why his company should be allowed to acquire T-Mobile USA from Deutsche Telekom AG.

Stephenson, speaking to analysts on a conference call, said that he plans to work closely with regulators to get approval for the deal, and is confident of its prospects.

Stephenson said his early read on the deal is that no divestitures are required to complete the deal, but noted that the stance may change after discussions with regulators.

AT&T CEO: LTE Infrastructure Critical To US Economy

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