Bloomberg Talks AT&T President & CEO John Stankey Talks Profit Growth
6 snips
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.
AI Snips
Chapters
Transcript
Episode notes
Fiber Focus
- AT&T is focused on fiber optic network expansion due to increasing customer demand and data consumption.
- Fiber networks offer symmetrical bandwidth, crucial for future technologies like AI.
Partnerships for Fiber Rollout
- AT&T uses partnerships, like with BlackRock, for fiber rollout to capitalize on the current opportune time.
- This strategy allows them to expand their footprint beyond their traditional operating areas.
AI and Power Consumption
- AI's increasing power demands pose a challenge for power grids.
- Transitioning to fiber optic networks can partially offset this increase due to fiber's lower power consumption.