“Look, the investments we've been making obviously are working, and as I look forward, we've said it, we expect to operate at mid-teens capital intensity long term, and we're committed to that.”

In context

“investment, but it will be one of the tools that we do to manage our portfolio of capital investment between fixed and mobile services to drive the kind of returns we need to drive. We're going to get more tools out of our ORAN investment to do that and still meet the needs of our capacity growth in a more efficient fashion in our wireless network moving forward that gives us the room to do some of the things that we want to do on the fixed side. So I feel pretty good about where we are. I think we're through the worst of it. We'll see it continue to get more efficient as we move forward. We'll be selective of where we can get those kind of returns based on our market performance, and overall, I think we're in good shape. Pascal, do you want to add anything on that? Pascal Desroches: No. Look, the investments we've been making obviously are working, and as I look forward, we've said it, we expect to operate at mid-teens capital intensity long term, and we're committed to that. We're also committed to having a capital allocation plan that also looks for other ways to deliver value to shareholders. Amir Rozwadowski: Thanks very much, Tim. Turn over to John for final comments. A - John Stankey: Well, thanks. Appreciate everybody sticking with us, and I apologize about some of the longer prepared remarks at the front end, but that's not atypical as we try to give you some guidance and visibility into the business, and appreciate you enduring that. I would just reiterate what I said in my opening remarks that I thought 2023 was an incredibly solid year for us from an execution perspective at AT&T. I'm incredibly proud across the board of what we've done and the formula in optimizing the various parts of the business as we move through it. It's as solid, a fundamenta”