Despite strong opposition from US regulators, AT&T CFO John Stephens asserted that the carrier will keep trying with its proposed acquisition of T-Mobile. At the UBS media conference just held in New York City, he insisted that the carrier would "continue to move forward" in spite of the Department of Justice lawsuit and withdrawing the FCC application. To prepare for the closing of the $39 billion T-Mobile deal, AT&T revealed it plans to use $10 billion cash it has accumulated on its balance sheet.
