Stephenson talks about sports gambling, the potential of 5G, and buying Time Warner. On the latest episode of Recode Media with Peter Kafka, AT&T CEO Randall Stephenson joined Peter onstage at the NBA All-Star Tech Summit to talk about sports gambling, why 5G internet will one day replace home broadband, and AT&T’s $85 billion acquisition of Time Warner last year. “My objective from day one was to run this acquisition different than we’ve run any other acquisition,” Stephenson said. “In a typical acquisition, we come in, we have processes, we have everything from travel/entertainment expenditure guidelines to cultural aspects.