business / news / / The Dallas Morning News
Dallas-based AT&T said revenue rose 2.9% to $31.5 billion in the first quarter.
AT&T exceeded analyst estimates with $31.5 billion Q1 revenue and 57 cents adjusted EPS.
KEY POINTS
- AT&T's new reporting framework splits declining copper operations into 'legacy' and fiber/wireless into 'advanced connectivity.'
- AT&T projects a 70% energy reduction and 35% maintenance savings by retiring copper lines for fiber.
- AT&T aims to reach 40 million fiber locations by end of 2024 and 60 million by decade's end.
- AT&T plans to spend $250 billion over five years to expand telecom infrastructure and operations.
COMPANIES
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