Pascal Desroches to Update Shareholders at Bank of America C-Suite TMT Conference on June 11

CNW Group06-11

Tune in at 8:05 a.m. ET on June 11 for a fireside chat with AT&T's chief financial officer, where he will cover recent progress on the company's multiyear growth strategy. Key Takeaways: AT&T ...

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To support these efforts, the company continues to expect 2024 capital investment in the $21-22 billion range.DALLAS, June 10, 2024 /CNW/ -- Pascal Desroches, chief financial officer, AT&T  Inc., will speak tomorrow at the Bank of America C-Suite TMT Conference where he will provide an update to shareholders. Here are the key topics Desroches is expected to cover:. AT&T also remains focused on driving incremental efficienc","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4515":"5G概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BAC":"美国银行","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","TBB":"AT&T Inc.","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU2384288077.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A-INS\" (EUR) ACC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4559":"巴菲特持仓","LU0106831901.USD":"贝莱德世界金融基金A2","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","BK4550":"红杉资本持仓","ARP":"PMV ADAPTIVE RISK PARITY ETF","BK4588":"碎股","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4207":"综合性银行","BK4581":"高盛持仓","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4504":"桥水持仓","T":"美国电话电报","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus"},"translate_title":"Pascal Desroches将于6月11日在美国银行高管TMT会议上向股东通报最新情况","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAC":1,"ARP":1,"T":1,"TBB":0.9},"content_text":"Tune in at 8:05 a.m. ET on June 11 for a fireside chat with AT&T's chief financial officer, where he will cover recent progress on the company's multiyear growth strategy.\nKey Takeaways:\n\nAT&T continues to make progress on its sustainable, long-term growth strategy and remains on track to meet all of its financial guidance.\nThe company continues to see healthy customer demand for world-class 5G and fiber connectivity.\nAs one of the largest investors in telecommunications infrastructure in the United States, AT&T remains focused on building vital, high-performance 5G and fiber networks. To support these efforts, the company continues to expect 2024 capital investment in the $21-22 billion range.\n\nDALLAS, June 10, 2024 /CNW/ -- Pascal Desroches, chief financial officer, AT&T (NYSE:T) Inc., will speak tomorrow at the Bank of America C-Suite TMT Conference where he will provide an update to shareholders. Here are the key topics Desroches is expected to cover:\nThe company's focus on leading with world-class connectivity is working. \n\nAT&T continues to benefit from the connectivity-focused, investment-led strategy it laid out about four years ago. By executing on a simple playbook, the company is achieving steady customer growth, improving returns and enabling additional investments that are benefiting the business.\nAT&T's simple and consistent go-to-market approach continues to resonate with customers and has created a sustainable model for healthy growth and strong cash conversion.\n\nAT&T remains focused on growing durable relationships with high-quality 5G & fiber customers.\n\nThe company continues to see healthy, but normalizing, wireless industry trends and is pleased with how the Mobility business is performing in the second quarter. AT&T expects a lower year-over-year postpaid upgrade rate in the second quarter, consistent with the recent trend.\nAT&T Fiber penetration rates continue to exceed initial business case assumptions with net adds varying from quarter to quarter based on seasonality, market dynamics and the pace of new fiber locations passed.\nAT&T's connectivity portfolio continues to expand and includes multiple technologies, including 5G, fiber and the company's fixed wireless access product – AT&T Internet Air – which is now available in parts of 95 locations for consumers and nationwide for businesses.\nAT&T is uniquely positioned to offer converged services at scale across its owned and operated 5G and fiber networks. With the largest wireless network in North America1 and the largest domestic consumer fiber internet network2, AT&T benefits from owner's economics when it adds converged mobile and broadband subscribers.\n\nAT&T remains on track to achieve its financial guidance.\n\nThe company remains confident in its ability to deliver on all of the financial guidance shared during its earnings report in April 2024.\nAT&T also remains focused on driving incremental efficiencies through its goal of $2 billion+ in run-rate cost savings by mid-2026.\nThe company is on track to achieve net-debt to adjusted EBITDA in the 2.5x range in the first half of 2025. It also plans to continue addressing short-term financing obligations as it shapes an even more sustainable and ratable free cash flow cadence.\n\nAT&T continues to invest in the future of America's connectivity. \n\nAT&T continues to make critical investments in its wireless and fiber future. Over the past five years, from 2019 to 2023, AT&T invested $145 billion+ primarily in its wireless and wireline networks, including capital investments and acquisitions of wireless spectrum3. To support its ongoing investment in 5G and fiber, the company continues to expect 2024 capital investment in the $21-22 billion range.\nAT&T believes fiber is the best internet access technology available today, and is pursuing a variety of models for connecting more people with fiber.\n   \nThis includes AT&T's in-footprint fiber build, which already passes 27 million+ consumer and business locations today and remains on pace to pass 30 million+ consumer and business locations by the end of 2025.\nBased on fiber returns that are better than initial assumptions, AT&T sees a potential opportunity to pass an incremental 10 to 15 million consumer and business fiber locations within its existing footprint – assuming similar build parameters and a regulatory environment that incentivizes investing in America's robust connectivity needs.\nOutside of AT&T's footprint, its Gigapower joint venture with BlackRock, through a fund managed by its Diversified Infrastructure business, has been up and running for just over a year with fiber build progress in parts of Arizona, Florida, Minnesota, Nevada, New Mexico, North Carolina, Pennsylvania and South Carolina.\nThe company is also pursuing opportunities to invest in fiber through public-private partnerships including the American Rescue Plan (ARP) and Broadband Equity, Access and Development (BEAD) Program.\n\nIn Mobility, AT&T is advancing and modernizing its wireless network by accelerating the transition to Open Radio Access Networks (Open RAN), which the company believes will enable a more robust supplier ecosystem and drive efficiencies and longer-term cost savings. \nThe company also continues to invest in growing in traditionally underpenetrated segments of its Mobility business, such as public safety. AT&T is delivering FirstNet® – the nation's only communications platform dedicated to public safety, which now has 6 million+ FirstNet connections on the network.\nAdditionally, through a definitive commercial agreement with AST SpaceMobile, announced last month, AT&T took another step toward providing more ubiquitous connectivity for consumers and businesses via a space-based broadband network direct to everyday cell phones. In 2023, in collaboration with AT&T, AST SpaceMobile delivered several industry-first wins such as the first-ever 5G cellular connectivity, 4G voice and video call, and text via space between everyday smartphones.\nThese collective efforts to enhance, expand and differentiate AT&T's network further improve its ability to provide customers with high-speed internet service wherever they are, and advance AT&T's progress on becoming America's best converged connectivity provider.\n\nThe webcast of Desroches' conversation will be available live, and for replay, at AT&T Investor Relations.\n1 Based on comparison of carrier owned & operated networks. No AT&T on-net coverage in select countries, including Canada. Details: att.com/international. Destinations covered: att.com/globalcountries. 5G claim based on nationwide GWS drive test data. GWS conducts paid drive tests for AT&T and uses the data in its analysis. AT&T 5G requires compatible plan and device. 5G coverage not available everywhere. Learn more at att.com/5Gforyou.\n2 Based on publicly available data of the number of fiber-to-the-home households.\n3 The years ended December 31, 2020 through 2023 present results from continuing operations, and the year ended December 31, 2019 includes comparable adjustments to remove capital expenditures from discontinued operations.\nAbout AT&TWe help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.\nCautionary Language Concerning Forward-Looking StatementsInformation set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.\nThis news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's website at https://investors.att.com.\n© 2024 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.\n\n\n\n\n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/pascal-desroches-to-update-shareholders-at-bank-of-america-c-suite-tmt-conference-on-june-11-302168663.html\nSOURCE AT&T\n View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/10/c9421.html","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442793498"}