AT&T CFO Still Confident in T-Mobile Takeover

Speaking at the recent Bank of America Merrill Lynch Media, Communications & Entertainment Conference in Beverly Hills, California, AT&T CFO John Stephens said that he believed the company would be able to resolve concerns over its takeover of T-Mobile USA.

According to Dow Jones Newswires, Stephens said he remained "confident" that AT&T could reach a settlement with the Department of Justice over the proposed $39 billion deal. The Justice Department has reportedly sued to block the deal due to fears about the potential effect it could have on customers and competitors of AT&T.

"Support for the merger remains deep and strong," Stephens said at the conference. "We still believe in the benefits of the deal."

The news source reported that Stephens also said the company was planning to unveil its fourth-generation Long-Term Evolution technology in its first five markets this weekend. The markets reportedly include Chicago, Dallas, Atlanta, San Antonio and Houston.

According to TechCrunch, data plans for the technology are expected to start at $50 for 5GB of use, which would be similar to the rate charged by other mobile broadband providers.