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Activist investor pushes for new approach at AT&T

Activist investors have periodically had a dramatic effect on the mobile industry by driving change, and often break-up, of large players. Some, like Carl Icahn, have sparked the disappearance of once-dominant companies, notably Motorola; others, like Jana Partners have tried to drive break-ups (Jana, however, failed to spark the break-up of Qualcomm in 2015). Elliott Management is one of the most prominent activist investors, and has taken a strong interest in telecoms. For instance, it became the second largest shareholder in Telecom Italia (TIM) and has pushed for radical restructuring of the challenged operator. As a stakeholder in Dutch chipmaker NXP, it was instrumental in pushing for a higher price when Qualcomm was bidding for it (the acquisition subsequently failed).…

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