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AT&T (T)
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AT&T CEO : 'I Have Never Been Told Price of Getting Deal Done Was Selling CNN'

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11/09/2017 | 08:17pm CET
By Drew FitzGerald 

AT&T Inc.'s chief executive said Thursday he is prepared to go to court to defend the telecom giant's proposed takeover of Time Warner Inc. if settlement discussions with antitrust regulators fail.

"We are prepared to litigate now" if the companies can't reach a negotiated settlement with the Justice Department, AT&T CEO Randall Stephenson said at an industry conference Thursday.

Mr. Stephenson said the company would continue to pursue a settlement but was prepared to litigate if it determined that the conditions of such a deal were worse than the outcome of a courtroom fight.

If it did end up in court, he said he was confident in the company's legal position and that the litigation could be concluded by April 22, a deadline the merger partners put on the transaction.

Mr. Stephenson said he doesn't plan on selling CNN and that no one in the Justice Department had made that a condition of approving the deal.

"I have never been told that the price of getting deal done was selling CNN," Mr. Stephenson said. "I have never offered to sell and have no intentions to sell CNN."

Write to Drew FitzGerald at [email protected]

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Financials ($)
Sales 2017 160 B
EBIT 2017 27 949 M
Net income 2017 13 678 M
Debt 2017 114 B
Yield 2017 5,21%
P/E ratio 2017 16,80
P/E ratio 2018 14,80
EV / Sales 2017 2,16x
EV / Sales 2018 2,13x
Capitalization 232 B
Chart AT&T
Duration : Period :
AT&T Technical Analysis Chart | T | US00206R1023 | 4-Traders
Technical analysis trends AT&T
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 39,4 $
Spread / Average Target 4,1%
EPS Revisions
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens Chief Financial & Principal Accounting Officer
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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