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AT&T sees pay-TV customer losses increasing by 300,000 in Q3

2019-09-12 09:13:00| Telecompaper Headlines

(Telecompaper) AT&T said it expects to lose more pay-TV subscribers in the third quarter, due to tough negotiations over new distribution agreements with broadcasters and limited promotional activity. Speaking at an investor conference, CEO John Stephens said the loss of premium pay-TV subscribers is expected to exceed the previous quarter by 300,000 to 350,000. 

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Elliott Management calls for turnaround plan at AT&T

2019-09-09 15:41:00| Telecompaper Headlines

(Telecompaper) The activist investor Elliott Management has launched a call for a strategic rethink at AT&T, saying it has a plan to turnaround the company's business and end the stock's underperformance. After buying USD 3.2 billion worth of AT&T's shares, one of its largest investments ever, Elliott said it sees as much as 65 percent upside in the share price by 2021 and wants to work with AT&T to implement the plan. 

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AT&T set for a shake-up, as Elliott Management takes $3.2bn stake

2019-09-09 02:00:00| Total Telecom industry news

Activist investor, Elliott Management, has taken a $3.2 billion stake in US telecoms giant, AT&T. The US investment fund has a reputation for aggressively pursuing its own agenda at board level…read more on TotalTele.com »

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AT&T appoints McElfresh as Communications CEO, promotes Stankey to COO

2019-09-04 08:39:00| Telecompaper Headlines

(Telecompaper) AT&T announced the appointment of Jeff McElfresh as the new CEO of AT&T Communications, its largest division, grouping all its telecom activities. He will report to John Stankey, the CEO of WarnerMedia who has just been named to the new position of president and chief operating officer of AT&T.

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AT&T Communications CEO Donovan to retire in October

2019-08-27 08:47:00| Telecompaper Headlines

(Telecompaper) AT&T announced that John Donovan, CEO of AT&T Communications, will retire from the company from 01 October. A successor will be named soon, the company added. 

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