AT&T Chief Sees Divestitures in T-Mobile Deal
AT&T Inc. Chief Executive Randall Stephenson said he expects some divestiture of customers and wireless spectrum as the company marches through the approval process to close its acquisition of T-Mobile USA.
“We anticipate there will be some markets we will have to divest,” Mr. Stephenson said in an interview.
AT&T’s proposed plan to buy T-Mobile from Deutsche Telekom AG for $39 billion is expected to face heavy scrutiny from regulators and opposition from consumer-advocacy groups and competitors. Rivals Sprint Nextel Corp. and Clearwire Corp. have already been vocal about the harmful impact from the deal.