Time Warner

AT&T raised $5 billion through the sale of unsecured bonds, as it stepped up efforts to tackle a huge debt load amassed during a period of acquisitions, Bloomberg reported.

AT&T chief Randall Stephenson (pictured) argued the company is well positioned to be successful as the lines between entertainment and communications blur, while also talking up the strength of its Mobility unit.

AT&T’s defence of an acquisition of Time Warner could be boosted by a probe into potential interference by US President Donald Trump.

AT&T hit back at the US Department of Justice’s (DoJ) ongoing challenge to its acquisition of Time Warner, stating that both the law and market forces meant the deal would not harm competition.

AT&T announced a deal to acquire The Chernin Group’s controlling stake in Otter Media, a joint venture formed by the two companies in 2014, as the US operator continues to build up its media portfolio following its Time Warner acquisition.

A trial judge failed to apply both basic economic principles and common sense in his decision to approve AT&T’s acquisition of Time Warner, the US Department of Justice (DoJ) argued in an appeals court filing.

AT&T prepared to defend itself in court once again, after the US Department of Justice (DoJ) filed to appeal a federal judge’s approval for the operator’s acquisition of Time Warner.