AT&T CFO Updates Shareholders
December 07 2021 - 3:52PM
Business Wire
Pascal Desroches, chief
financial officer of AT&T Inc.* (NYSE:T), spoke today at the
Barclays Global Technology, Media and Telecommunications Conference
where he provided an update to shareholders. He made the following
points:
- The company is delivering on its objective to grow customer
relationships across wireless, fiber and HBO Max.
- AT&T’s wireless business has good momentum, is taking share
and is growing revenues, subscribers and profitability. The company
is confident that its strong wireless performance will be
sustainable.
- While AT&T’s forecasts do not factor in expectations of
current robust wireless industry trends to continue, the company
does not see signs of any near-term slowdown in demand levels.
- The company continues to increase penetration across its fiber
footprint and is on track to add at least 1 million fiber
subscribers for the fourth consecutive year. Increases in fiber
subscribers helped AT&T reach an inflection point in the third
quarter of 2021, with broadband revenue growth outpacing declines
in legacy revenues. In the third quarter of 2021, fiber
subscribers, revenues and profits grew in AT&T’s consumer
wireline business, and those trends are expected to continue in
2022.
*About AT&T
AT&T Inc. (NYSE:T) is a diversified, global leader in
telecommunications, media and entertainment, and technology.
AT&T Communications provides more than 100 million U.S.
consumers with entertainment and communications experiences across
mobile and broadband. Plus, it serves high-speed, highly secure
connectivity and smart solutions to nearly 3 million business
customers. WarnerMedia is a leading media and entertainment company
that creates and distributes premium and popular content to global
audiences through its consumer brands, including: HBO, HBO Max,
Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line,
Cartoon Network, Adult Swim and Turner Classic Movies. Xandr, now
part of WarnerMedia, provides marketers with innovative and
relevant advertising solutions for consumers around premium video
content and digital advertising through its platform. AT&T
Latin America provides wireless services to consumers and
businesses in Mexico.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2021 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
Cautionary Language Concerning Forward-Looking
Statements
Information set forth in this news release contains financial
estimates and other forward-looking statements that are subject to
risks and uncertainties, and actual results might differ
materially. A discussion of factors that may affect future results
is contained in AT&T’s filings with the Securities and Exchange
Commission. AT&T disclaims any obligation to update and revise
statements contained in this news release based on new information
or otherwise.
This news release may contain certain non-GAAP financial
measures. Reconciliations between the non-GAAP financial measures
and the GAAP financial measures are available on the company’s
website at https://investors.att.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211207006144/en/
Fletcher Cook Phone: 214-912-8541 Email:
fletcher.cook@att.com
Daphne Avila Phone: 972-266-3866 Email:
daphne.avila@att.com
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