John Stankey, chief executive officer of AT&T Inc., shares an update to shareholders regarding AT&T’s disciplined growth and investment strategy.
Overall mobile demand remains healthy, and AT&T continues to find success in the marketplace. Upholding its view that 2022 postpaid wireless demand is unlikely to repeat 2021 levels, Stankey indicated that the company is not seeing signs of any near-term step down in demand levels.
AT&T’s fiber build momentum is looking good as well with Stankey pointing out that the combination of AT&T’s high-quality differentiated product, simplified pricing, and an improved go-to-market strategy continues to support strong adoption levels and improved penetration rates.
Aligning AT&T’s 3-year $2-billion commitment to help close the digital divide, the operator is working diligently with state and local government municipalities across the country to successfully participate in the Affordable Connectivity Program. Over time, the company believes these efforts can help provide internet for all and expand the total addressable market for broadband access.
Moreover, the company is on track with its cost transformation program as it looks to deliver its stated goal of an incremental $1 billion cost reduction this year.