AT&T(US:T) Prnewswireยท2024-03-04 11:30Core Insights - AT&T is successfully executing its long-term growth strategy and is on track to meet its financial guidance [1][4] - The company is experiencing strong demand for its 5G and fiber connectivity services [1][5] - AT&T is one of the largest investors in the U.S., with a projected capital investment of $21-22 billion for 2024 [1][3] Investment Strategy - AT&T's investment-led strategy, initiated over three years ago, is driving customer growth and improving returns [2] - The company has invested over $145 billion in its wireless and wireline networks from 2019 to 2023 [3] Network Infrastructure - AT&T boasts the largest wireless network in North America, covering over 210 million people with mid-band 5G spectrum [3] - The company also has the largest fiber network, passing 26 million consumer and business locations [3] - AT&T aims to reach over 30 million fiber locations by the end of 2025 [3] Financial Performance - The company is confident in achieving its financial targets, including an additional $2 billion in cost savings by mid-2026 [4] - AT&T plans to reduce net debt and aims for a net-debt to adjusted EBITDA ratio of 2.5x in the first half of 2025 [4] Customer Relationships - AT&T is focused on building strong relationships with high-quality 5G and fiber customers, benefiting from its extensive network [5] - The company is seeing healthy trends in the wireless industry and steady demand for fiber services [5] Technological Advancements - AT&T is investing in Open Radio Access Networks (Open RAN) to enhance its supplier ecosystem and drive efficiencies [3] - The company offers a range of connectivity solutions, including 5G, fiber, and fixed wireless access products [6]