In a program on CNBC, John Stephens, AT&T Inc. (NYSE:T) CFO talked about his company plans and how it is trying to penetrate the emerging markets around the world. Stephens said that DriecTV is the perfect example of how AT&T Inc. (NYSE:T) is permeating the user base across the country and beyond. It has hundreds and millions of potential customers. AT&T Inc. (NYSE:T) has also national wireless footprint having 300 billion potential customers. The company can use all these opportunities in the long term in order to amplify its revenue and services. Stephens said that soon AT&T Inc. (NYSE:T) will be a 70 million broadband company and there will be a lot of partners on board.
At CFO said that DirecTV will let the company reach areas beyond US. The company is planning to reach Mexico and Latin America. 90% of the revenue of AT&T Inc. (NYSE:T) will come from data, wireless and video in the future. He also said that AT&T Inc. (NYSE:T) will join hands with Mexican giant Lusacell and form a 400 million consumer calling plan. He said that AT&T Inc. (NYSE:T) was once a telephone company but now it is expanding in many areas.
Stephens thinks that companies must expand across the US and beyond based on demographics. He said that Mexico is out third largest trading partner and AT is evaluating the local Mexican telecom market at high slots.
After the deal signing between AT&T Inc. (NYSE:T) and DirecTV on a $48.5 billion merger deal, both the companies are under fire from major telecom players. A company has recently filed a $10 billion lawsuit against both companies.
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