. AT&T chief executive officer Randall Stephenson recently said in a Captains of Industry interview with Bloomberg that blocking his company's proposed $39 billion acquisition of T-Mobile USA will increase wireless prices for consumers. Stephenson explained that AT&T needs T-Mobile in order to expand its already strained network capacity, and that Congress doesn't understand wireless policy. ”Regulators can't keep up with the changes in the industry,” Stephenson said.
Boy Genius Report, AT&T CEO says blocking T-Mobile merger will increase wireless prices
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