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...
2/12/2013 2:45:11 PM
Not a math problem, its a coverage problem. Who has LTE? Verizon and AT&T have and are spending massively and getting towards full coverage.
Sprint: "LTE service available in just 49 cities"
T-Mobile: "Las Vegas will be the company's first LTE market, which will launch later this month" (January)
Now T-Mobile is investing heavily and may have a realistic deployment 2 or 3 years from now. I love their pink and purple ads. The plans make sense.
So 2 or 3 years from now I could give T-Mobile a chance. I suspect that once they start to compete though the 2 leaders will adjust their plan offerings.
Finally there is the elephant in the room: spectrum is finite. We are facing some hard realities soon where most spectrum plain beats less spectrum. I think this aspect would make a great article. Small and scrappy is meaningless if you don't have spectrum.
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