AT&T is ten years behind in fiber deployment due to the fiasco of wasted time and resources of the TW and DTV mergers. Ed Whitacre had started fiber with Project Pronto before he retired.
Whitacre built a strong wireless presence, had little debt on the balance sheet and was on the way to building out fiber.
Stephenson was handed the company on a silver platter and he wrecked it. Stankey his top lieutenant went along and made things worse.
Things are going to be more chaotic with this hub consolidation and massive layoffs!!