AT&T CEO Defends $39B Acquisition Bid for T-Mobile USA

Randall Stephenson, AT&T’s (T) Chief Executive, says the company’s $39 billion proposed acquisition of rival wireless carrier T-Mobile USA (DTEGY) would benefit customers, the WSJ reports. Appearing before a Senate Judiciary subcommittee, Stephenson said the transaction “is about having the capacity to drive innovation and competitive prices.” According to Stephenson, the merger would give consumers fewer dropped calls, faster speeds and state-of-the-art mobile broadband Internet service.

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