AT&T CEO Admits That T-Mobile Bid Wasn't Well Executed
February 12, 2013 9:40 AM
comment(s) - last by
AT&T chairman and CEO Randall Stephenson
AT&T CEO says landingthe iPhone is one of the best moments of his career
Back in 2010, AT&T decided that it would
try to purchase rival wireless carrier T-Mobile
. AT&T offered Deutsche Telekom $39 billion for T-Mobile, and it was eager to sell. The problem for both of the wireless carriers was the regulators stepped in and
killed the deal
AT&T CEO Randall Stephenson recently talked a bit about the
, stating, "I wouldn't say it was a bad decision, but it was a decision that didn't go the way I wanted. We didn't execute well."
Stephenson made the comments during an interview with University of Colorado Law school dean Phil Weiser. Stephenson described the failed deal as one of the worst moments of his career as CEO of AT&T. However, he describes landing the iPhone exclusive in 2007 as one of his best.
Stephenson said of the iPhone deal, "We didn't have a great vision as to where this would go, we just knew that when you took data utilization and made it mobile, it would explode."
"We were betting on Steve Jobs," Stephenson continued. "And time has proven that to be a good bet. But it was not a partnership that came without pain."
Stevenson also noted that he expects Dish Network to join in with an existing wireless carrier to use its 40MHx of S-Band wireless spectrum rather than trying to roll out its own LTE network.
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RE: What he really meant was...
Dr of crap
Dr of crap
2/12/2013 12:59:10 PM
It's more a matter of having the cash ready.
Just like car buying. It's the monthly payment and not the selling price that matters to a vast majority.
It way easier to look at what it might cost monthly, then to come up with the $400 right away.
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