CLAIM #55049 · AT&T Inc. (T) · 2023Q2 earnings call · Jul 26, 2023 · due Jul 26, 2025
“I do believe that as we simplify given how we allocate costs in the business and our reporting, the company and we start to shutter some of that square mileage, yes, that's going to help contribute to accretion back into the margin structure of the going-forward broadband business in our consumer markets.”
John Stankey · CEO
In context
“e an awful lot of work separating out the variable and fixed cost structure in the, what I will call, semi-fixed cost structure to know what we need to do as we roll through geographies to ultimately get at the layers of fixed, semi-fixed and variable. And so, I don't think it's as important about saying what is the date that you're no longer offering the entire totality of products and services as much as what is the progress you're making in working through the areas where those products and services still exist. And as you heard in my opening remarks, we now have catch products showing up in the market that allows us to begin accelerating that work. That work is part and parcel of some of the recommitment of $2 billion over three years that we expect we're going to be able to take out. I do believe that as we simplify given how we allocate costs in the business and our reporting, the company and we start to shutter some of that square mileage, yes, that's going to help contribute to accretion back into the margin structure of the going-forward broadband business in our consumer markets. And I believe the day that we arrive at ultimately exercising all those costs from the business what I know about how our fiber infrastructure is performing on a stand-alone basis right now. It's all goodness. In fact, this week, I was out with our network operations team, and it was just such an uplifting day for somebody who's worked in the company as long as I have to see the cost structure that's been put in place, the customer satisfaction that's occurring, the efficiency of the technician ranks, the durability of what's going into service. I mean it's all good. And as a result of that, when you step back from this day, should we be able to operate this business once we ultimately move our way out of some of the embedded cost structure in a perfectly competitive characterization of t”
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SEC filings for T ↗ · Claim quote is verbatim from the 2023Q2 earnings call.