AT&T, Verizon and Sprint CEO Roundtable: thoughts on AT&T and T-Mobile Merger
I sat literally front and center as Jim Cramer, CNBC’s Mad Money, moderated what initially was all four major U.S. wireless carrier CEO roundtable at CTIA Wireless 2011 in Orlando. T-Mobile CEO, Philipp Humm, was omitted from the panel for obvious reasons of heavy questioning that would aim his way, thus directed toward AT&T Mobility’s CEO. The roundtable discussion featured AT&T (Ralph de la Vega), Verizon (Dan Mead) and Sprint (Dan Hesse) CEO’s which was quite humorous as Hesse took plenty of shots at his rivals. They even brushed on the hottest topic leading into the conference regarding AT&T buying T-Mobile for $39 billion.
Hesse agreed with The New York Times article stating consumers will have little to cheer for in the AT&T deal. Mead was cool and unconcerned by the merger and held a strong stance on his company’s network and market share. The general consensous among many is that the Department of Justice won’t let this acquisition fly and we’ll see a repeat like when the DOJ broke up Ma Bell’s monopoly in the 80′s. AT&T seems to disagree, however T-Mobile will still see $3 billion, be provided promise value and a roaming agreement if the merger falls through.
What are your thoughts? Share them in the comments below!