NEW YORK (TheStreet) --AT&T (T) - Get Report announced on Saturday that it had agreed to purchase Time Warner (TWX) for $85.4 billion. The deal combines customers of the wireless network with a vast array of content from HBO, CNN, Warner Bros. Pictures, and DC Comics, according to The Wall Street Journal.

"The idea that we are going to come along and start to constrict the distribution of this content makes no economic sense. What does change, why put the two companies together, is speed," AT&T CEO Randall Stephenson told CNBC. The CEO appeared on the network's "Squawk Box" Monday morning to address how the deal will benefit both companies and their customers.

"The world of distribution and content is converging and we need to move fast and if we want to begin to format content differently for these mobile environments, what can you do with Time Warner content that is very fast and uniquely for our customers?" he asked.

The answer, he responded, was the ability to integrate and innovate. Integrate social media content, give customers more ability to personalize content and ultimately provide a unique experience to consumers.

"This is what we're after, the speed of execution and changing the game," Stephenson added.

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"As we iterate and integrate this content for the mobile environment and as we begin to drive demand in the mobile environment, that does one thing, it's going to drive us to have more of an appetite to invest in fifth generation mobile technology," he noted.

Shares of AT&T were lower during early morning trading on Monday.

(AT&T is a holding in David Peltier's Dividend Stock Advisor.)

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates AT&T as a Buy with a ratings score of B. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. The team feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that it evaluated.

You can view the full analysis from the report here: T

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