AT&T Highlights AI Investments, Fiber Network Growth at Citi Conference
AT&T executives emphasized progress in its multiyear strategy during remarks at a Citi conference. The company has invested over $150 billion into network improvements and debt reduction, resulting in stronger fiber broadband infrastructure and improved spectrum positioning. AT&T expects double-digit EPS growth this year alongside EBITDA growth of 3%–4%, with plans to return nearly all free cash flow to shareholders through dividends and buybacks. The company is targeting small-to-midsize businesses and enterprises expanding AI capabilities, while investing in high-capacity networks and security solutions. AT&T also highlighted a shift toward converged wireless and broadband services as part of its strategy to reduce churn and increase customer value. Business connectivity revenue grew nearly 2% year-over-year in Q2 after strategic changes to sales distribution. The company is phasing out copper infrastructure by the end of this decade, aiming to cut maintenance costs. CFO Pascal Desroches noted that past challenges included a weak mid-band spectrum position and high debt levels but said divestitures like DirecTV have enabled reinvestment in core operations.
Topics: AI AT&T EPS growth Fiber Network Infrastructure