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AT&T unlikely to sell rural lines, CEO says

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The Wall Street Journal reports that AT&T CEO Randall Stephenson said at an investor conference this week that the company is not planning to sell any of its rural lines like Verizon Communications is doing through its recent deal with Frontier Communications. However, if rural telco consolidation continues, could Wall Street convince AT&T to change its mind?

Stephenson also said that general economic conditions don't seem to be getting worse or better, using typically cagey CEO-speak to express that things are apparently neither good nor bad, which is... good?

For more:
- The Wall Street Journal has this story

Related article
Last December, Stephenson called on newly-elected Obama to encourage telecom growth

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Comments (4) | Post a comment
More stories about Wall Street   Verizon Communications   Verizon   telecom   rural telco consolidation   Randall Stephenson   consolidation  

Comments

LOL, adult level like calling yoru CEO a "son of a...."

Was the poster right? Are you union filth?

To Posted by Anonymous | May 30, 2009 - 1:30pm
"Sounds like union filth. Do you rally around a rat like your disgusting brethren?"

So anonymous if you disagree with facts and logic you start name calling and accusing the poster of idiotic stuff?

Please specify what is incorrect in the posting.
Dissension and debate are necessary on any topic.
Please transform your posts from childish to adult form/level.

Sounds like union filth. Do you rally around a rat like your disgusting brethren?

This man is unbelievable cruel. After getting paid millions of dollars from AT&T he wants to slash the occupational employees health care and reduce retirees benefits. We didn't work for AT&T for 25, 30, 40 years only to be abandoned now. AT&T is making profits. They do not need to be bailed out. And he's using the economy as an excuse. Here's an excerpt of an article from the SA Business website:

"The nation's biggest phone company has turned its five-year sponsorship of TV's popular talent show into one of the industry's biggest marketing successes, analysts said. It's generating millions in text-messaging revenues, steering customers to try new phone features and associating its wireless unit — one of "Idol's" three main sponsors — with a runaway pop culture phenomenon."

So Mr. Stephenson, here's a good idea. Take away as much as you can from over 80,000 employees. Then we will cut way back on our spending. More companies will lose our business. Then they may have to lay off their employees. If you want to contribute to the weak economy by making it worse, then AT&T will lose revenues too. Sounds like a plan you son of a .....

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