As AT&T® gets ready to acquire Time Warner®, reports say that the best internet provider would run wireless and cable service as two separate entities. The Telco giant announced the merger for $85.4 billion in October last year and if the merger sees through its current hurdles, AT&T® wireless and DirecTV® would be separate from the Time Warner’s media assets.
The US Justice Department would hopefully approve the merger soon, and the Telco giant would get a competitive edge in the wireless segment on approval. Reliable sources indicate the proposed merger would bring a flurry of targeted advertisements and new cheap internet plans from AT&T®.
It is reported that John Stankey, the current head of DirecTV® and entertainment divisions of AT&T® would lead the media wing. On the other hand, John Donovan, AT&T’s chief in charge of technology and global operations, would head the Telco giant’s wireless wing. Apart from that, once the merger gets the nod from the Justice department, AT&T® CEO Randall Stephenson would lead the merged company.
The sources reveal Fletcher Cook as the official speaking on behalf of the Telco giant, and that a revamped organization structure of the merged company is yet to be confirmed by the Chief Executive Officers of both AT&T® and Time Warner®.
Bob Quinn, a senior executive at AT&T® told reliable sources that the Telco giant expects the merger to be closed by year-end. “We are just working through the process,” Quinn said, whilst not omitting the fact that the deal requires the approval of United States Justice Department. “All indications are that end of the year is definitely in reach,” reassured the Vice President of External and Legislative Affairs at AT&T®.
Quinn had not commented on the White House intervention to the merger either, and rightfully so, it would seem to all those who are anonymous subscribers or well-wishers of the proposed merger. One may also remember the fact that the President-elect Donald Trump showed his disapproval towards the merger during campaigning days, but has not said anything about the same after taking charge at the Oval Office.
Yet again, the Senate Democrats Bernie Sanders, Elizabeth Warren, and Al Franken have told the US Justice Department officials to keep a watch on the proposed merger between AT&T® and Time Warner®.