AT&T CEO Says It’s Not Ripping Off Consumers

Ralph de la Vega believes American consumers are getting a good deal

   

AT&T CEO Says It’s Not Ripping Off Consumers

AT&T (T) CEO Ralph de la Vega rebutted Sprint (S) chairman Masayoshi Son’s allegations that American consumers pay too much for broadband internet.

ATTLogo AT&T CEO Says It's Not Ripping Off ConsumersThe AT&T boss says that U.S. internet providers are offering good deals, especially when you consider that the U.S. has the broadest LTE network in the world. He added that the cost for a megabyte has gone down 93% since 2008.

De la Vega also said that Netflix (NFLX) should have to pay carriers for some of the costs related to the service they provide. He says that AT&T and other carriers provide additional capacity for Netflix’s services so it should be the video streaming company paying extra.

T stock is up about 0.4% in early trading Tuesday. S stock is up about 0.1% and NFLX stock is down close to 2% today.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/att-t-stock-s-stock-nflx-stock/.

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