 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 failed purchase, 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.
Source: Fierce Wireless
"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken
|
Most Popular ArticlesHigh School Student Creates Storage Device that Can Charge in 20 Seconds May 20, 2013, 6:51 AM Apples Tries to Use Decade-Old Patents to Ban Samsung Galaxy S IV May 22, 2013, 3:00 PM NASA Awards $125,000 Grant for 3D Printed Food on Long-Term Space Travels May 21, 2013, 1:32 PM Microsoft Announces Voice-Controlled "Xbox One" May 21, 2013, 12:55 AM Cure For Baldness Could Be on Store Shelves within Two Years May 22, 2013, 8:29 AM
|