Commenting at the Goldman Sachs Communacopia conference, Stephenson said he expects broadband investments in Europe to take off as soon as regulatory policies for spectrum licences become more open.
He said Europe was still lagging behind the US in terms of wireless broadband investments, and there needs to be a policy change so that spectrum licence investment is not discouraged in the region.
Growth continues to slow in the US market, with Stephenson stating that large-scale mergers in the domestic market will not occur for the next three years.
In Europe, he suggested the company would only enter the market depending on the valuation of assets available.
Rumours have been rife over AT&T’s interest in acquiring Vodafone’s remaining assets, following the sale of the UK operator’s US assets to Verizon Communications.
Stephenson also confirmed that AT&T is close to selling its wireless broadcast towers.
