AT&T announced this week that it wants to have 70% of its traffic on open network platforms within the next few years and will spend up to $14 billion with Ericsson to make that happen. In remarks at the UBS Global Media and Communications Conference this week, AT&T CEO John Stankey gave some additional insights on how the telecom giant approached the decision and its related long-term strategy.
First of all, he put the numbers in context: that $14 billion covers a five-year period, while AT&T will be spending about $24 billion on its network this year.
