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

by Karl Utermohlen | March 25, 2014 12:49 pm

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

AT&T (T[1]) CEO Ralph de la Vega rebutted Sprint (S[2]) chairman Masayoshi Son’s allegations that American consumers pay too much for broadband internet.

ATTLogo AT&T CEO Says Its Not Ripping Off Consumers[3]The AT&T boss says that U.S. internet providers are offering good deals[4], 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[5]) 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.

Endnotes:
  1. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T
  2. S: http://studio-5.financialcontent.com/investplace/quote?Symbol=S
  3. [Image]: http://investorplace.com/wp-content/uploads/2010/08/ATTLogo.jpg
  4. ood deals: http://recode.net/2014/03/25/att-mobile-chief-insists-u-s-consumers-not-getting-overcharged/
  5. NFLX: http://studio-5.financialcontent.com/investplace/quote?Symbol=NFLX

Source URL: http://investorplace.com/2014/03/att-t-stock-s-stock-nflx-stock/
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