AT&T CEO Doesn’t See How Regulators Approve Sprint/T-Mobile Deal

AT&T chief executive Randall Stephenson said he doesn’t see how regulators can approve a rumored deal by SoftBank’s Sprint to buy T-Mobile USA.

“The problem as I see it is the way the government shut our deal down. They wrote a complaint and a very specific complaint. You’re consolidating the industry from four to three national competitors,” Stephenson said. “If you think of Sprint and T-Mobile combining, I struggle to understand how that’s not four going to three,” Stephenson said.