AT&T CEO Outlines Fiber, Wireless Convergence and AI Strategy at Goldman Sachs Conference
At the Goldman Sachs Communacopia + Technology Conference, AT&T CEO John Stankey outlined the company's growth strategy centered on fiber infrastructure expansion, wireless network enhancement, and leveraging artificial intelligence (AI) to improve operations. He emphasized that combining high-performance fiber broadband with wireless services reduces customer churn, increases lifetime value, and boosts household profitability. The convergence rate has reached 45%, up five percentage points in two years. Stankey also highlighted opportunities in business connectivity and AI-driven demand for bandwidth and data-center links. AT&T plans to retire legacy copper infrastructure, save $6 billion annually by removing associated costs, and monetize recovered materials while maintaining its dividend and reducing leverage toward a target of 2.5 times net debt to adjusted EBITDA. The CEO noted that the company is seeing signs of improved growth and profitability from these strategic investments. The strategy includes expanding fiber deployment, strengthening wireless services, and offering integrated connectivity solutions across satellite, fixed broadband, Wi-Fi, and vehicle networks. AT&T aims to serve a broader customer base with tailored plans like Build-A-Plan for underpenetrated segments.
Tickers: $T
Topics: AI Capital Allocation Customer Retention Fiber Wireless