AT&T: moving forward with Time Warner integration, CEO says

(CercleFinance.com) - US telecoms giant AT&T is moving forward with the integration of Time Warner after the acquisition was closed in June, its CEO said on Wednesday.


Speaking at a Goldman Sachs conference, Randall Stephenson said AT&T expects to generate 1.5 billion dollars in cost synergies and 1 billion dollars in revenue synergies from the acquisition over the next 3 years.

AT&T - which now considers itself a "modern media company" - plans to build a platform that will combine its advertising inventory with anonymized customer data over the next 12-18 months.

Elsewhere, Stephenson said the company continued to see positive trends in its wireless business.

AT&T plans to launch 5G in parts of 12 cities by the end of 2018 and expand to 19 cities in early 2019.


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