Chief Executive Officer of AT&T Randall Stephenson testifies before the Senate Judiciary Committee Antitrust Subcommittee during a hearing on the proposed deal between AT&T and Time Warner in Washington, U.S., December 7, 2016. REUTERS/Joshua Roberts
WASHINGTON: AT&T defended its US$85bil (RM376.84bil) megadeal with Time Warner saying it would be “pro-competitive,” but lawmakers and consumer advocates expressed scepticism over the creation of new media-tech powerhouse.
”Our intent is to disrupt the existing pay TV model,” AT&T chairman and chief executive Randall Stephenson told a Senate hearing on the merger of the huge telecom and broadband provider with the media-entertainment giant.
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