CLAIM #55255 · AT&T Inc. (T) · 2024Q4 earnings call · Jan 27, 2025 · due Dec 31, 2029
“We also expect to realize cost savings as we evolve our technology stacks and work to exit our legacy copper network operations across the large majority of our wireline footprint by the end of 2029.”
John Stankey · CEO
How to check this claim
Look at: Percentage of wireline footprint exited from legacy copper network operations
It came true if: Company reports exit of legacy copper operations across a large majority (>=50%, directionally toward ~70-80%) of wireline footprint
Where: Company management commentary / investor disclosures on copper retirement progress (10-K, Analyst Day updates, earnings calls)
In context
“As a result, we exited 2024 in a stronger competitive position. We still have a few things to accomplish. In 2025, we'll focus on executing against the priorities we laid out at our Analyst and Investor Day. This starts with our customers. We plan to grow 5G and fiber subscribers by offering an elevated customer experience with a compelling opportunity to enjoy both of these connectivity services from one provider. We remain focused on growing our business the right way, which we expect to achieve by once again gaining profitable customers and operating our business more efficiently. In December, we established a new $3 billion plus run rate cost savings target that runs through the end of 2027. In 2025, we'll make progress on this goal by further integrating AI throughout our operations. We also expect to realize cost savings as we evolve our technology stacks and work to exit our legacy copper network operations across the large majority of our wireline footprint by the end of 2029. Last month, we received FCC approval to begin the process to stop selling, transition and discontinue legacy voice services and a small number of wire centers, utilizing our AT&T phone advanced service as a replacement. This was an important first step to establish a template that supports a deliberate and planned transition to a more capable and modern communications infrastructure. Within the next few weeks, we will make detailed filings with the FCC to stop selling legacy products in about 1,300 wire centers, which is about a quarter of the wire centers across our footprint. We look forward to working with the car (ph) FCC to accelerate and advance policies and actions that stimulate investment in modernization of the U.S. communications infrastructure. On the investment front, we anti”
Verify independently
SEC filings for T ↗ · Claim quote is verbatim from the 2024Q4 earnings call.