Amid pressure from Elliott Management, the telecom and media giant announced a plan to cut costs and pay down debt.
The activist investor believes AT&T is deeply undervalued, citing its "irreplaceable assets, enormous earnings power and an ability to win in key markets."
The move comes as rivals look to roll out new technology.
When M&A deals are booming, it's important for CFOs to remember that volume fuels mistakes as well as success.
The appeal, if successful, would unravel AT&T's takeover of Time Warner but legal experts see it as a long shot.
The acquisiton is seen as part of a push to compete with Google and Facebook in online advertising.
AT&T said it will use revenue from the data-center sale to pay down its substantial debt load.
Howard Averill's departure after four years as CFO is part of AT&T's effort to put its own management structure on its new acquisition.
Antitrust regulators say the deal would force other distributors to “pay hundreds of millions of dollars more per year” for Time Warner programming.
A trendy change in pension accounting methodology is responsible for many of the revised assumptions on which future estimates are based.
Using cost discipline, astute capital investments, and operational know-how, these 20 CFOs aim to guide their companies to a growth-filled future.
With a $3.1 billion offer for the spectrum owner, Verizon "now has all of the pieces in place to quickly accelerate the deployment of 5G."
