Reported Earlier, AT&T CEO John Stankey Highlights Continued 5G And Fiber Expansion And Confirmed $21-22B Capital Investment For 2024 At Goldman Sachs Communacopia Conference
Portfolio Pulse from Benzinga Newsdesk
AT&T CEO John Stankey announced at the Goldman Sachs Communacopia Conference that the company will invest $21-22 billion in 2024 for 5G and fiber expansion. Despite a work stoppage affecting fiber installations, AT&T expects no material impact on Q3 financials and remains on track to meet its financial guidance.
September 11, 2024 | 7:25 am
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AT&T plans a $21-22 billion capital investment in 2024 for 5G and fiber expansion. Despite a work stoppage affecting fiber installations, the company expects no material impact on Q3 financials and remains on track to meet its financial guidance.
The announcement of a significant capital investment in 5G and fiber expansion is positive for AT&T's growth prospects. The company's ability to maintain its financial guidance despite installation delays suggests strong operational management, likely boosting investor confidence.
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