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Bloomberg Talks
AT&T President & CEO John Stankey Talks Profit Growth
Dec 3, 2024
John Stankey, President and CEO of AT&T, dives into the company's ambitious plans to invest in fiber networks to meet soaring data demand. He discusses the shift away from DirecTV and the focus on enhancing shareholder value despite evolving political challenges. Stankey highlights how strategic partnerships and innovative infrastructure will drive profit growth. He also emphasizes the importance of adapting energy infrastructure to AI demands, advocating for a transition from copper to more efficient fiber technologies.
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Quick takeaways
- AT&T's strategic investment in fiber infrastructure aims to support a projected 80% increase in data consumption and enhance customer satisfaction.
- The company's robust financial strategy emphasizes significant shareholder returns, reflecting confidence in its positioning and growth potential amidst evolving market demands.
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