AT&T will soon offer a new streaming video service thanks to its acquisition of Time Warner Inc., and it will be buying more companies in order to beef up its advertising platform, AT&T CEO Randall Stephenson said. The streaming service will be free for AT&T mobile customers who subscribe to unlimited data plans and $15 a month for everyone else.
Stephenson spoke to CNBC Friday, one day after AT&T completed its acquisition of Time Warner. The acquisition gives AT&T control of Warner Bros., HBO, and Turner Broadcasting System.
AT&T will announce more acquisitions soon to improve its advertising system.