AT&T CEO sees probable need to divest assets

03/30/2011 | Reuters · Wall Street Journal, The · Reuters

AT&T CEO Randall Stephenson said Wednesday that the company would likely have to sell some assets to gain government approval of its proposed $39 billion purchase of T-Mobile USA. "We anticipate there will be some markets we will have to divest," he said. Stephenson disputed the need for government-imposed price restrictions, saying the U.S. market "is the most highly competitive in the world." Meanwhile, AT&T executive James Cicconi said the merger was critical because the government has not yet moved to free up enough wireless spectrum.

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Reuters · Wall Street Journal, The · Reuters

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