In response, Stephenson said today that the chances of the Justice Department winning the case are very slim, and the appeal will not change anything.
He said: "In the next 30 or 12 months, the appeal will not change anything, we will continue to implement the established plan. We believe that the possibility of the previous ruling being overturned is very embarrassing."
In October 2016, AT&T announced the acquisition of Time Warner for $85.4 billion in cash and stock. In March 2017, the EU approved the deal. But in November last year, the US Department of Justice officially rejected the deal.
In June, Judge Richard Leon of the District of Columbia Court ruled that the deal had been unconditionally approved after the Justice Department failed to prove that the merger would significantly reduce market competition and innovation.
Two days after the court approved the deal, AT