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Variety reports: “AT&T has also promised Wall Street that by this time next year, it will shave $20 billion from its $170 billion debt load and realize $700 million in post-merger synergy savings. What’s more, AT&T’s ambitious plans to capitalize on its $85.4 billion acquisition come as the competitive environment in TV, streaming, advertising sales, data mining and content production grows fiercer by the day.”

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