If diversification is the keyword, AT&T is a winner
Verizon and AT&T adopt contrasting growth strategies, one of which is particularly pertinent to international towers
While in Brazil, many executives I met were still wondering why AT&T hadn’t invested in South American telecoms. The rumour has been going on for so long, people started to refer to it as a urban myth. Of course in the meantime, AT&T put US$67bn on the table to acquire DirecTV, a transaction which is now under review by the Federal Communications Commission (FCC). Although not technically related to telecoms, the move was just the initial step of AT&T shopping spree in the CALA region that has since been followed by acquisitions in Mexico. I am intrigued about the implications for the tower industry in both the U.S.