AT&T CEO Randall Stephenson told separate antitrust subcommittees in both the U.S. House and Senate that his company's proposed acquisition of DirecTV would "put downward pressure on cable products--cable bundles, cable video and cable broadband" but stopped short of assuring elected representatives that prices would be coming down.
AT&T CEO Randall Stephenson said it would be a "stretch" for a deal between No. 3 carrier Sprint and No. 4 player T-Mobile US to get approved by regulators.
AT&T's proposed $48.5 billion deal to acquire DirecTV will not only make it a powerhouse video provider. As part of the deal with DirecTV, AT&T has committed to expand its broadband services footprint to 15 million customer locations, particularly in unserved rural areas where the telco does not provide service today, using a combination of fiber to the premises (FTTP) and wireless local loop technologies.
T-Mobile US CEO John Legere has been unabashed and aggressive in getting the carrier back to growth, delivering 3.7 million net new subscribers from the second through fourth quarters of 2013. He also was paid to the tune of $29.2 million in 2013, making him the second highest paid wireless executive in 2013 after Sprint CEO Dan Hesse.
AT&T fed into the growing 1 Gbps fiber to the home (FTTH) craze earlier this week when it announced its plans to extend its last-mile fiber network to 100 of what it calls candidate cities and municipalities nationwide, including 21 new major metropolitan areas. But the $1 million question is: Will it actually make good on this promise?
Every year Fierce checks out the highest-paid CEOs in the telecom space. This year, executives from Sprint and AT&T topped the list. For a complete list of the highest-paid CEOs in the wireless industry, click here. And for a list of the highest-paid CEOs in the wireline sector, click here.
In 2013 Sprint CEO Dan Hesse had probably his busiest year at the helm of the carrier since he came on board in late 2007, and the company handsomely rewarded him for his efforts. Hesse scored a total compensation package of $49 million in 2013, according to a filing with the Securities and Exchange Commission. That figure is far above Hesse's 2012 compensation and made him easily the highest-paid executive in the wireless industry last year.
Telecom Italia's CEO Marco Patuano found that AT&T's CEO Randall Stephenson gave him the best advice on how to turn around his struggling company out of all the high-tech executives he met on a recent trip to the U.S., reports Bloomberg.
Telecom Italia CEO Marco Patuano has reportedly been so impressed by AT&T's ability to transform its business in recent years that he has sought advice from the U.S. company's CEO Randall Stephenson on how to change the fortunes of the struggling Italian operator.
AT&T is doubling down on its network buildout in California, announcing that it has invested more than $7.1 billion to expand its local wireline and wireless capabilities throughout the state between 2011 and 2013.