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CLAIM #55149 · AT&T Inc. (T) · 2024Q1 earnings call · Apr 24, 2024 · due Dec 31, 2024

This should benefit results in the second half of the year when we also have more favorable year-over-year comparison.

Pascal Desroches · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

n't be more excited about the future of consumer wireline with AT&T fiber well positioned to lead our growth and AT&T Internet Air, helping us provide quality broadband service to customers, where we don't offer fiber. Now, let's cover business wireline on Slide 10. Business wireline EBITDA was down 16.5% due to faster than anticipated rate of decline for our legacy voice services. At the start of the year, we shared that we expected business wireline EBITDA trends to improve on a full year basis. However, due to faster than expected decline of legacy voice services, we now expect full year business wireline EBITDA declines in the mid-teens range versus our prior outlook of a decline of 10% plus or minus. As John mentioned, we're advancing several cost saving and productivity initiatives. This should benefit results in the second half of the year when we also have more favorable year-over-year comparison. As we transition this business, we believe our 5G and fiber expansion presents plenty of growth opportunities. We're already seeing this in some of the parts of our broader business solution results today. A great example is FirstNet, where wireless connections grew about 320,000 sequentially. We're also pleased with early demand for AT&T Internet Air for business, which we expect to benefit results in the second half of the year. Now let's move to Slide 11 for an update on our capital allocation strategy. Our approach to capital allocation remains deliberate. We're successfully balancing long-term network investment to fuel sustainable subscriber and service revenue growth, paying down debt and returning value to shareholders. We remain on track for full year capital investments in the $

Verify independently

SEC filings for T · Claim quote is verbatim from the 2024Q1 earnings call.