Reported 1 day ago
AT&T reported better-than-expected quarterly profits and a significant increase in wireless subscribers due to discounted bundles; however, the addition of fiber subscribers fell short of analyst expectations. The company plans to invest $3.5 billion in expanding its fiber network, funded by tax savings from the new tax law, while aiming to reach over 60 million fiber locations by 2030. Despite missing fiber targets, AT&T's overall revenue and adjusted earnings exceeded forecasts.
Source: YAHOO