AT&T CEO Updates Shareholders at J.P. Morgan Conference
24 Mai 2022 - 02:40AM
Business Wire
John Stankey, chief executive officer of AT&T Inc.*
(NYSE:T), spoke today at the J.P. Morgan Global Technology, Media
& Communications Conference where he provided an update to
shareholders.
Stankey reiterated AT&T’s disciplined growth and investment
strategy and made the following points:
- The company continues to grow customer relationships across
wireless and fiber and feels good about the momentum it’s
experiencing on the back of its consistent simplified go-to-market
strategy.
- Overall mobile demand remains healthy, and AT&T continues
to find success in the marketplace. While the company retains its
view that 2022 postpaid wireless demand is unlikely to repeat 2021
levels, Stankey indicated the company is not seeing signs of any
near-term step down in demand levels.
- AT&T’s fiber build momentum continues. Stankey indicated
that the combination of AT&T’s high-quality differentiated
product, simplified pricing and an improved go-to-market strategy
continue to support strong adoption levels and improved penetration
rates.
- Stankey indicated that the company continues to work diligently
with state and local government municipalities across the country
to successfully participate in the Affordable Connectivity Program
by providing affordable broadband connectivity to low-income
customers. This program aligns with AT&T’s 3-year, $2-billion
commitment to help close the digital divide. Over time, the company
also believes these efforts can help provide internet for all as
well as expand the total addressable market for broadband
access.
- AT&T remains comfortable in its ability to manage
inflationary pressures impacting the economy. The company recently
introduced careful and deliberate price increases for select legacy
wireless plans, providing an opportunity for customers to move to
AT&T’s best unlimited plans which offer more features and a
better value dynamic for customers. The company also remains on
track with its cost transformation program as it looks to deliver
its stated goal of an incremental $1 billion of cost reduction this
year.
*About AT&T
We help more than 100 million U.S. families, friends and
neighbors connect in meaningful ways every day. From the first
phone call 140+ years ago to our 5G wireless and multi-gig internet
offerings today, we @ATT innovate to improve lives. For more
information about AT&T Inc. (NYSE:T), please visit us at
about.att.com. Investors can learn more at investors.att.com.
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Brittany Siwald AT&T Corporate Communications Phone: (214)
202-6630 Email: brittany.siwald@att.com
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