Shares in AT&T, which have woken up in recent weeks amid pressure from activist hedge fund Elliott Management, reached their highest level in nearly two years after the company issued a new fin…
, which have woken up in recent weeks amid pressure from activist hedge fund Elliott Management, reached their highest level in nearly two years after the company issued a new financial outlook.
will remain CEO through at least 2020, and down the line the chairman and CEO titles will be separated.In its three-year financial guidance, AT&T also said it will have retired all of the debt it incurred in the $81 billion Time Warner deal. DirecTV, Stephenson went on to say, “will be an important piece of our strategy over the next three years, but no portion of our business is ever exempt from a continuous assessment for fit and performance.” Multiple options for the satellite distributor will be considered, the CEO added, including partnerships. An alliance with another entity in a bid to reduce costs could well be in the cards for DirecTV.
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