AT&T and T-Mobile are hosting a LIVE conference call beginning at 8 a.m. ET to explain their $39 billion merger, announced yesterday.
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7:55 Waiting for call to begin. In the meantime, check out the deal's biggest winners and losers.
8:04 Call begins. AT&T's IR head begins the conference. Today's meeting is provide background and perspective. First, AT&T CEO Randall Stephenson. Then AT&T's general counsel, enterprise boss, wireless CEO Ralph de la Vega, and CFO Rick Lindner.
8:05 Standard disclaimer / safe harbor statements now.
8:05 AT&T CEO Randall Stephenson: Will walk you though the deal and why we think it'll be approved. This deal is a special deal at a special time. Will improve network quality, will give more customers access to more services, will bring LTE across the U.S. Represents a major investment and commitment to advance America's leadership in mobile broadband. Have invested more in the U.S. than any other company over the last several years.
8:08 When we combine network assets, get better density, better network quality. Spectrum holdings will play together too. Will be able to significantly expand LTE to 95% of U.S. coverage, something the companies wouldn't be able to do on their own.
8:10 Mobile broadband has grown like crazy and will grow 5x to 10x with tablets and smartphones. (True.) Every time we increase speeds, usage has jumped.
8:12 So what's the most important thing to making this work? Spectrum. Dense network assets. And investment. Deal helps advance FCC's broadband goals. (Ahem!)
8:13 Wayne Watts, general counsel, is going to go over approval process. He's worked on AT&T Wireless, Cingular, AT&T, and BellSouth deals.
8:14 We're confident we'll get a positive regulatory review. A lot of experience in this area. We know regulators will stick with the facts. We've studied the law and we've studied the facts. And we think this deal can and will be approved.
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See Also:
- AT&T Buying T-Mobile USA In $39 Billion Deal
- Sprint Is Getting Mauled In Pre-Open Trading
- AT&T-Mobile: Here Are The Biggest Winners And Losers
LIVE: AT&T; T-Mobile Conference Call (T, DT)
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