Better ability to access large amounts of cash needed. However, this raises issues of market power and the possibility for abuse of a firms dominant competitive position. These are issues that are appropriate for consideration in a hearing like this. For the most part, the companies before us today engage in very different businesses. At t is primarily a provider of services. Internet directv is exclusively a Video Service provider. Begun to offerly a Video Service which is referred to as universe, which is a competitor in various parts of the country. In addition to its Video Service company, it has a few Sports Networks in the pittsburgh, denver, and seattle areas. Todays hearing will examine how the proposed merger may impact the future of universe and its ability provoke to provide services to consumers during the merger. Ill also examine submittedirectv have a paper arguing the merger will allow the combined company to offer a bundled product that will and hence Consumer Choice i
, he wasoining pepsico the Senior Vice President and general manager for avon products. He worked as a Management Consultant before that. He holds a masters degree from Johns Hopkins university and a bachelors degree from boston college. Lieberman is a. Graduate of Johns Hopkins. Fordhite is also a Foundation Fellow at Leningrad State University in st. Petersburg, russia. Constituents are very loyal customers. Our next witness, we are glad to stephensonr. Randall , the chairman, president of at t. Let me say this. At t is one of the Worlds Largest telecommunication companies. Note that over the past six years, at t has invested more capital into the United States economy than any other public than 140d more billion invested in Wireless Operations combined. That is erected to be proud of. I commend you for that. , he servedcoming ceo as the chief Financial Officer at at t from 2001 through 2004 and then as the chief operating officer from 2004 through 2007. He was appointed to the board