AT&T CEO Randall Stephenson On Time Warner Deal (Full Interview)

Randall Stephenson, AT&T Chairman and CEO, speaks with CNBC's "Squawk Box" following the telecom giant's big court victory in its merger with Time Warner.

AT&T Chairman and CEO Randall Stephenson told CNBC on Friday he feels "relief" at winning the company's court case against the government and completing its purchase of Time Warner.

AT&T got its day in court and "the system worked," Stephenson said on "Squawk Box."

"We live in an amazing country," he said. "We have three co-equal branches of government. The checks and balances in this situation worked exactly the way they were designed over 200 years ago."

The $85.4 billion acquisition closed late Thursday, shortly after the Justice Department said it would not apply for a stay of a federal judge's ruling that let the deal go forward. However, the DOJ could still appeal the decision even after the completion of the deal.

Stephenson said he's not worried about government retribution, while noting it's been "600 days" since he came on "Squawk Box" to unveil the merger. He's always maintained it was not anti-competitive because it's a vertical integration, meaning the various businesses of both companies don't go head-to-head against each other.
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AT&T CEO Randall Stephenson On Time Warner Deal (Full Interview) | CNBC

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