Even though I have written about this a number of times, it still blows my mind how AT&T can continue whining about the terrors of net neutrality even as they continue to earn and spend record amounts of money.
Recently, AT&T’s CEO, Randall Stephenson, spoke to investors and yet again claimed that poor AT&T was in a “state of limbo” due to net neutrality and this has caused companies such as his to be unsure of the type of environment that they are in.
Just look at how much AT&T is struggling in this environment!
Just the other day, AT&T won two huge government contracts. One involved becoming the primary mobile provider for the U.S. Department of Education (ED) for the next three years and the other involved managing services for the General Services Administration’s (GSA) Office of Fleet Management for the next five years.
These contracts would continue to make 2015 a rather remarkable financial year for AT&T and the telecom industry in general. According to some estimates, AT&T has invested more than $20 billion in 2015. As one report specifically noted during the middle of 2015, telecom companies were continuing to invest “in their networks at a healthy pace in the first half of 2015 and the majority of the carriers have not made any material revisions to their 2015 guidance.”
This would make sense as telecom companies eventually spent a record $45 billion, nearly four and a half times the reserve price and twice what observers had been expecting, at the most recent spectrum auction.
Then there was AT&T’s $48 billion merger with DirecTV. Oh, and let’s not forget AT&T’s recent announcement that they are preparing a new mobile entertainment service in the next few weeks.
But apparently through their huge new contracts, record investments, record merger acquisition and new products, AT&T is in a tough spot of “uncertainty”.