Financial Data and Key Metrics Changes - In Q4 2024, the company achieved over 8% growth in postpaid service revenue, more than double that of peers [16] - Core adjusted EBITDA grew by 10% in Q4 and 9% for the full year, leading the industry by a wide margin [16] - The company reported its highest ever diluted earnings per share and free cash flow of $17 billion, generating industry-leading cash flow conversion from service revenues of 26% [16][17] Business Line Data and Key Metrics Changes - The company led the industry in postpaid phone net additions with 903,000 in Q4, marking the third consecutive year of over 3 million postpaid phone net additions [10][9] - Postpaid average revenue per account (ARPA) grew at the highest rate in over 7 years, with over 60% of new customers selecting premium plans [10][16] - The business group also saw its best ever quarter in PhoneNet additions and the lowest total postpaid churn [12] Market Data and Key Metrics Changes - The company captured its highest ever share of industry broadband net additions, leading the industry in broadband growth with 428,000 net additions in Q4 [14] - The company continues to deepen its market presence in both top 100 and smaller markets, gaining share in rural areas [10] Company Strategy and Development Direction - The company is focused on delivering thoughtful, smart, and profitable growth, emphasizing sustainable long-term structural advantages [15] - The company plans to leverage its digital transformation to enhance customer experiences and drive growth [11] - The appointment of a new COO is expected to enhance operational focus and long-term strategy execution [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in starting 2025 with the highest ever beginning of the year guidance for expected postpaid net additions [17] - The company anticipates approximately 5% growth in service revenue for 2025, up from the previously indicated 4% [22] - Management highlighted the importance of network investments and transformation for future growth [17][22] Other Important Information - The company activated STARLINK satellite capabilities during California wildfires, demonstrating its commitment to customer connectivity [7] - The acquisition of Vistar is seen as a transformative opportunity in the digital out-of-home advertising space, aiming to enhance measurability and impact [48][51] Q&A Session Summary Question: Guidance on service revenue growth - Management clarified that the 5% service revenue growth guidance is based on expected growth in postpaid customers and ARPA growth, despite anticipated declines in wholesale revenue [29][33] Question: Mix between ARPA growth and account growth - Management noted strong account growth in Q4, driven by existing customers opting for high-speed broadband, and emphasized ongoing ARPA growth across all product lines [41][43] Question: Broadband environment and pricing strategy - Management indicated that the growth rate of the broadband market is less critical than share-taking, and competitive pricing strategies are in place to attract price-sensitive customers [61] Question: Wholesale opportunities and pricing strategy - Management explained that wholesale opportunities are pursued based on the ability to reach audiences more effectively, with a focus on achieving attractive returns on network capacity [67][68] Question: Impact of acquisitions on EBITDA and free cash flow - Management stated that it is premature to provide aggregate EBITDA and free cash flow impacts from recent acquisitions, but all are expected to be value accretive in the long run [76][78] Question: Prepaid business stability and immigration impact - Management reported strong performance in the prepaid segment, with the lowest churn ever, and indicated that immigration trends have not significantly impacted the prepaid business [81][82] Question: Converged footprint and attach rates - Management noted that while competitors report high attach rates, the company has experienced similar benefits in areas where it offers both wireline and wireless services [92]