Telecom Italia SpA Chief Executive Officer Marco Patuano, accelerating his efforts to revive the indebted former phone monopoly, is turning to advice from a one- time suitor across the Atlantic: AT&T Inc.’s Randall Stephenson.
Brian T. Moynihan, who runs Bank of America Corp., the second-largest U.S. lender by assets, was among a group of underpaid chief executive officers last year, according to a study by pay expert Graef Crystal.
AT&T Inc. executives huddled with small groups of investors in Barcelona this week to discuss their willingness to own cable assets and stretch their balance sheet for big investments in mature economies like those in Europe, said people with knowledge of the matter.
AT&T Inc., the largest U.S. phone company, is open to the sale of some of its peripheral assets, which include wireless towers, a move that analysts say would give the carrier more of a financial cushion.
AT&T Inc. Chief Executive Officer Randall Stephenson comes to Europe several times a year bearing a message: The region would do well to learn from the Americans in developing new mobile technology. Problem is, Europe isn’t particularly interested in the lesson.
AT&T Inc., which is considering an expansion across the Atlantic, faces the same realities that undermined European deals a decade ago: Doing business in the region is costly, complicated and highly regulated.
AT&T Inc. executives are laying the groundwork internally for a potential takeover of Vodafone Group Plc next year, mapping out a strategy for a complex deal with Europe’s largest mobile carrier, people familiar with the situation said.