AT&T CEO Randall Stephenson told investors about as clearly as he could that the carrier is not going to snap up assets that América Móvil is going to divest, and will instead focus on growing its business in Mexico via its acquisitions of Iusacell and NII Holdings' Nextel Mexico businesses.
AT&T reported the addition of 73,000 U-verse TV subscribers in the fourth quarter, a significant decline from the 194,000 added in the same period of 2013. In its full year and Q4 earnings call with investors Tuesday, the conglomerate attributed the decline to a "strategic move to improve profitability" by concentrating on subscribers with lower churn rates.
Don't expect the announcement of Cablevision's Freewheel Wi-Fi-only phone service to spin Randall Stephenson into reenacting the bunker scene from Downfall when AT&T delivers its fourth-quarter earnings report Tuesday afternoon. Freewheel is not a threat of any kind to the incumbent wireless industry.
AT&T said it will acquire the Mexican wireless assets of bankrupt NII Holdings for $1.875 billion, less outstanding net debt. The deal marks AT&T's latest expansion south of the U.S border following its $2.5 billion purchase of Mexican carrier Iusacell, which closed earlier this month.
AT&T CEO Randall Stephenson says AT&T is currently reviewing a major branding change for DirecTV, as federal regulators finish off their own review of the telco's purchase of the pay-TV operator.
Representatives from the wireless and cable industry lobbies heaped praise on a Republican legislative proposal to ensure net neutrality. However, Democrats remained skeptical because it would stop the FCC from reclassifying broadband as a telecommunications service under Title II of the Telecommunications Act. Meanwhile, AT&T CEO Randall Stephenson said he sees the new rules from the FCC triggering lawsuits that could go all the way up the U.S. Supreme Court.
AT&T officially closed its $2.5 billion purchase of No. 3 Mexican carrier Iusacell from Grupo Salinas. AT&T named company veteran F. Thaddeus Arroyo as CEO of Iusacell following the close of the deal.
The FCC has asked the AT&T (NYSE: T) for more information about its fiber plans, two days after Chairman and CEO Randall Stephenson said his company would delay rollout of FTTP services amid what appears to be a regulatory climate favoring strong net neutrality. FierceTelecom has a complete report on this latest development.
The FCC is asking AT&T to provide more information about comments that CEO Randall Stephenson made saying that the company would delay new fiber network investments pending the outcome of the proposed net neutrality rules.
AT&T CEO and Chairman Randall Stephenson came out against President Barack Obama's plea to ask the FCC to reclassify broadband providers under Title II, a move that he says is driving it to pause the expansion of its ambitious fiber-to-the-premises (FTTP) project into 100 U.S. cities.