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Pascal Desroches to Update Shareholders at the 2025 Mizuho Technology Conference on June 10
Prnewswireยท 2025-06-09 20:35
Core Insights - AT&T's CFO will discuss the company's multi-year strategic growth plan at the 2025 Mizuho Technology Conference [2][3] - The company aims to become the best connectivity provider in America by enhancing customer service through a combination of fiber and 5G offerings [3][5] Strategic Developments - AT&T has announced an agreement to acquire Lumen's Mass Markets fiber internet connectivity business, expected to close in the first half of 2026, which will enhance U.S. connectivity infrastructure and create new jobs [4][5] - The acquisition will allow AT&T to expand access to AT&T Fiber in major metro areas and serve more customers with integrated 5G and fiber services [5] Financial Performance and Guidance - AT&T is on track to meet its 2025 financial and operational guidance, with solid customer demand in the wireless industry [6][8] - For Q2 2025, the company expects capital investment in the range of $4.5 billion to $5 billion and free cash flow of approximately $4 billion [7] - The company reiterates its full-year 2025 financial and operational guidance, including a commitment to repurchase at least $3 billion of common stock by year-end [8][10] Network Expansion - AT&T plans to reach approximately 60 million total fiber locations by the end of 2030, continuing to extend its fiber leadership [5]