Author: Bright Hudson
With the leadership of AT&T’s CEO, John Stankey, the company seems to be going on a more focused organizational path. AT&T’s CFO, Pascal Desroches highlights the business focus in the recent Citi 2023 Communications, Media, and Entertainment Conference. He stated that the company is highly focused on building connectivity networks. At the same time, AT&T’s CFO hints about the class of connectivity services that will be unleashed through 5G.
This also means a thrilling improvement with AT&T’s continued evolution of fiber.
Remarkably, AT&T’s leaders shared the same perspectives on how the company is operating. In fact, what CFO Pascal Desroches shared at the conference echoed AT&T CTO Jeremy Legg’s comments in terms of the plan to expand the fiber and wireless network together with the deployment of a multi-service edge and distributed Standalone 5G cores.
Since January, Desroches has been consistent in sharing what’s next for AT&T: the great focus on wireless and fiber operations.
Based on the leaders’ statements, it has been made very clear that the future of AT&T is centered on investing in secular dynamics that can make wireless and fiber very strong.
More about AT&T’s Stated Goals
One of AT&T’s long-term goals is to run fiber to 30 million-plus locations by 2025. Relative to that, Desroches has shared that the company is moving steadfastly in achieving that goal. According to his statements, about 18.5 million customer locations are expected to be reached by fiber, and 3.5 million business locations will be accomplished by the end of the third quarter. Not only that, AT&T CFO Pascal Desroches expects the numbers to increase every quarter.
Additionally, Desroches also highlights fiber customer satisfaction while discussing the company’s economic terms in bundling fiber for home internet with mobile cellular service. He even describes the fiber expansion as a “long pole in the tent.” When it comes to the high competitors, Desroches said that worrying about them is not part of the company’s priority. Rather, AT&T is highly focused on the pricing landscape to make all fixed wireless low priority.
With how AT&T plans to keep the service low-cost, it is said that the company is approaching the three-year plan of cutting costs in different aspects, including network energy consumption costs and distribution strategy. Despite the cut cost, Desroches promises to still drive efficiencies and improvements in customer service and field tech deployment—the exact strategy he believes will be continued this year.
Takeaway
No wonder AT&T has great plans in terms of overall operations and improving customer service and= leadership is gearing towards the same goal; The company CFO Pascal Desroches has been consistent in sharing the path AT&T is heading to and what should be expected from the company. Knowing that the company continues to drive improvements in operating leverage through disciplined cost management, it will not be much of a surprise to know that AT&T’s customers might hear more positive news sooner.
