CEO says The Present Year is one of Transition for AT&T Inc.
Randall Stephenson, the CEO of the telecom giant AT&T Inc. says that the current year is one of transition for the Dallas-based company.
While taking about the company's plans, Stephenson said, "As we get to the end of 2015, we're going to be talking about a very different business and a very different company."
On Tuesday, the CEO spoke as AT&T reported its fourth-quarter results as well as the full-year financial outlook.
For the quarter that ended on December 31, the company reported revenue that amounted to $34.4 billion. It is a 3.8 percent leap as compared to the previous year.
The company has pending acquisition deals and some plans of expansion in Mexico.
He said that the sources of revenue for AT&T's and its geographic reach will be extended further with the acquisitions of DirecTV and Iusacell and Nextel Mexico, the two Mexican wireless companies. As far as the wireless companies from Mexico are concerned, they will be part of the North American mobile service area, as AT&T calls it.
AT&T expects that as the deal with DirecTV closes, the telecom company by mid-year will be able to earn its largest source of revenue from the business related accounts. DirecTV, which is based in California, also operates in a few regions of Latin America.
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