AT&T is making headlines with its ambitious plan to merge with Lumen Technologies in a deal valued at a staggering $5.75 billion. As the telecommunications giant strides forward with this acquisition, it’s also facing scrutiny over its diversity, equity, and inclusion (DEI) policies—a hot-button topic in today’s corporate landscape. Despite potential regulatory pressures, AT&T’s CEO, John Stankey, remains committed to maintaining the current DEI framework.
In a recent interview with Yahoo Finance, Stankey expressed confidence that the merger wouldn’t necessitate a rollback of the company’s existing DEI initiatives. He clarified, “We don’t have to roll back anything,” noting the importance of meritocracy within AT&T’s organizational culture. According to him, the company aims to provide every employee with the opportunity to advance, develop skills, and succeed in their careers.
The merger, announced on May 21, signifies a crucial expansion into Lumen Technologies’ fiber business, but it also raises the question of regulatory approval under the current political climate. The deal needs the green light from the Trump Administration, particularly new FCC Chair Brendan Carr, who has been known for his critical stance on corporate diversity initiatives. Notably, competitors like Verizon and T-Mobile have already felt the pressure, opting to scale back their DEI policies in pursuit of favorable merger conditions.
Although the federal administration hasn’t indicated any opposition to AT&T’s proposed acquisition, Stankey believes the merger aligns well with the goals established by the administration—namely, to enhance the nation’s infrastructure and bolster economic competitiveness. “We’re investing in great infrastructure that makes the US economy more competitive,” he stated, emphasizing AT&T’s mission to improve service in areas where previous ownership had fallen short.
Yet, there’s an undercurrent of change as AT&T navigates these waters. Reports surfaced about subtle shifts in the company’s DEI policies, including a reduction in the promotion of personal pronoun pins and the cancellation of several LGBTQ+ events. Moreover, the role of chief diversity officer was rebranded to vice president of culture and inclusion. Such changes suggest a nuanced approach to DEI that might signal to regulators a willingness to adjust without abandoning core values.
Despite these adjustments, AT&T is adamant about its overarching commitment to inclusivity. The company, in response to inquiries about these policy shifts, emphasized its dedication to serving customers across the country and ensuring high-quality connectivity for all Americans. This commitment to broad access is crucial in a time when digital divide issues have come to the forefront of national discourse.