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[BGR] AT&T CEO says blocking T-Mobile merger will increase wireless prices

post #1 of 54
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Quote:
AT&T chief executive officer Randall Stephenson recently said in a Captains of Industry interview with Bloomberg that blocking his company’s proposed $39 billion acquisition of T-Mobile USA will increase wireless prices for consumers.

this, coming after they increased the price of messaging unilaterally. it's even funnier that Stephenson blames government for not understanding wireless innovation and not keeping up with the industry, but yet he goes off and says most of AT&T's DSL is obsolete while the Uverse (itself a form of DSL) build out is essentially done. pot meet kettle...
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Herschel
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post #2 of 54
Of course he says that. He stands to make hundreds of millions of dollars off that merger, he's going to say whatever crap he can to make it go through. Screw him.
post #3 of 54
This guy must have known someone because no one with a business degree who climbed up the ladder would be this ignorant.

Competition LOWERS prices
    
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post #4 of 54
I'm still hoping for the deal to go through.
post #5 of 54
So is he threatening to raise prices if the merger is blocked, or just making up facts?
I really hate ATT as a company, they have tried everything in the book to force us to upgrade our internet connection, which I would but my dad is frugal about that kind of stuff.
They shut off our connection any time I try to game, use anything except the ATT equiptment(that blocks gaming by forcing Strict NAT, and gives them complete remote control over any/all internet settings), or when I try to switch to openDNS(they frequently do something with the DNS server to mess with the connection, can't count the number of times that I've seen 'DNS server not responding/has blocked the connection' on sites that I visit frequently like OCN. They've even parked trucks outside of our house for days, and had service people knocking on the door at 11PM advertising new packages.
And yet our neighbors still got it worse, ATT came to their house for a simple service call, and shut off their power and left, and refused to come back for a couple days because 'the support ticket had been closed'.
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post #6 of 54
Quote:
Originally Posted by Phaedrus2129 View Post

Of course he says that. He stands to make hundreds of millions of dollars off that merger, he's going to say whatever crap he can to make it go through. Screw him.

What he said and a big LOL @ the ATT CEO.
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post #7 of 54
Well AT&T, you've consistently increased prices for all of your services, so explain where the cause-effect is regarding your failure to scoop up more of the wireless market.

I LOVE how they've continually tried to justify a $39B purchase of t-mobile as a means to alleviate strain on their network, but within the last couple years, they have claimed to the FCC that they could not afford/justify a $2B capital investment in infrastructure to alleviate strain on their network.

AT&T, we know that all you want to do is strengthen your hold on wireless subscribers and become the largest wireless provider. But please don't for a second try to make this about anything other than bolstering your strength while at the same time leaving fewer and fewer options for customers.
    
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post #8 of 54
Lol, they are going to have to raise the prices to pay for the cancellation of the merger if it fails.
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post #9 of 54

 

Quote:
Originally Posted by Somenamehere View Post

This guy must have known someone because no one with a business degree who climbed up the ladder would be this ignorant.
Competition LOWERS prices


He understands that perfectly well, he's just lying through his teeth.

 

He and the rest of the talking heads are so full of it it's nauseating.

 


Edited by Malcolm - 12/12/11 at 12:34pm
post #10 of 54
I'm no expert, but $39,000,000,000 sounds like it could buy quite the network upgrade.
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