During the Morgan Stanley European Technology Media & Telecom Conference in Barcelona, Spain, AT&T’s senior executive vice president and chief financial officer, Paul Desroches, updated shareholders on the company’s plan for growth and investment. Desroches noted that AT&T continues to add customers, focusing on 5G and fiber, as subscribers demand connectivity services.
“AT&T’s consistent go-to-market approach, along with an improved customer experience, continues to attract high-value customers,” he said. Desroches touched on “inflationary pressures” yet noted that AT&T’s third-quarter adjusted EBITDA showed growth.
The carrier is expanding its fiber service into new markets and has seen AT&T Fiber’s first-year penetration rates about two times greater than historic norms. According to Desroches, AT&T’s fiber serves approximately 18.5 million consumer locations and three million business locations in more than 100 metro areas. Desroches added that AT&T expects to achieve its target of 30 million-plus locations with fiber by the end of 2025.
“AT&T is continuously exploring ways to expand where it can serve customers’ fiber, including outside of its traditional wireline service area,” he said. “AT&T will target areas not currently widely served with fiber and that offer attractive returns.”
Desroches said AT&T plans to make “record levels” of investments to meet growing demands for core connectivity. He said the company remains focused on investing in building a sustainable and durable connectivity operation with improved cash generation.
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