AT&T, Time Warner defend deal

AT&T defended its $85 billion acquisition of Time Warner, writing in a letter to Sen Al Franken (D-MN) and three other Sens that “this merger is about giving consumers what they want." The letter is written by AT&T Executive Vice President for Federal Relations Tim McKone and Time Warner Senior Vice President of Global Public Policy Steve Vest. They say the merger would allow the combined company to offer cheaper and more robust services to their consumers. “The merger will allow us to offer customers more attractive bundles of broadband and video services, prodding cable companies and other competitors to respond by improving their own services,” it states. “And the merger will further incentivize AT&T and other wireless carriers to deploy lightning-fast 5G wireless technology faster and deeper in their networks.”