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AT&T Chairman and CEO Randall Stephenson was a guest at the Recode 2018 Code Conference last week. He shared some very interesting comments on both the changing state of AT&T and of the entire communications industry. Listening to the interview, it became crystal clear the industry and competitors continue to change and new competitors continue to enter.
That’s why AT&T wants to acquire Time Warner. They see the changing industry and they want to remain competitive as the industry changes and new players enter the market challenging them.
As I have always said, deciding whether to approve the AT&T, Time Warner merger or not is a simple matter of choosing which direction to look. If we look backwards, companies like AT&T and Verizon are telephone and wireless companies, period. Looking forward, all the companies in the industry must transform and grow beyond their core roots in order to remain competitive.