AT&T CEO: We 'Didn't Execute Well' On T-Mobile
But Company Doesn't Admit Repeated Lying Played Role
AT&T over the weekend got about as close as they're likely to in admitting they messed up the acquisition of T-Mobile. "I wouldn't say it was a bad decision, but it was a decision that didn't go the way I wanted," AT&T CEO Randall Stephenson said at a conference over the weekend
. "We didn't execute well."
Granted a big reason the deal fell through is because AT&T kept repeatedly lying to regulators
about job creation and deal benefits, lies that in at least one instance were debunked by AT&T's own attorney
who accidentally posted un-redacted documents online for everyone to see.
Aside from the fact that killing off T-Mobile was anti-competitive (and, as it has turned out, totally unnecessary
), AT&T hubris was a major reason the deal fell through, and there's little to no indication
AT&T learned much of anything from the whole affair.