After spinning off its media empire, AT&T will focus on its core business by trimming costs and raising prices.
merge with Discovery, and then selling them as a new listed Warner Bros. Discovery entity.
Now, says Chief Executive Officer John Stankey, AT&T can focus on its core carrier business by restructuring, trimming costs, and streamlining operations, reports the. First off, it will be using the $39 billion from the sale of its media empire to reduce its debt ratio while aiming to keep the $120 billion of annual revenue the carrier generates.
Both these businesses were going to require investment, and they were going to require probably a different shareholder base to tolerate. We’ve now managed to clean that capital structure up to enable that to happen... It’s a different company now. We don’t really need to run a superstructure corporate holding company and will continue to rationalize that.
A new way AT&T will try to trim costs includes replacing old copper lines with fiber optic cable where feasible, or simply ditching landline support altogether where fiber can't be laid. Faced with inflation in the price of everything from router components to employee wages, however, AT&T will also have to raise more revenue form its core business now that its media wing is spun off.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AT&T Boss Sees Room to Raise Prices, Cut Costs After Media ExitWith the handoff of Warner Bros. and HBO, the company returns to focusing on core wireless and broadband services.
Weiterlesen »
Tammy Bruce blasts Biden's 'absurd' plan to track migrants with cell phones: 'How dare us'Fox Nation host warns migrants can easily discard or destroy the phones and questions why America -- a free country -- is tracking people.
Weiterlesen »
JetBlue and Spirit: What happens when two airlines with bad customer service records merge?Conventional wisdom says merging with ultra-low-cost carrier Spirit may alienate JetBlue customers and damage its brand. It may already be too late.
Weiterlesen »
Google Fi cuts unlimited plan pricing while increasing high-speed dataFi is dropping the price of its unlimited plans for the first time.
Weiterlesen »
MVNO Google Fi cuts its pricing for unlimited dataGoogle's MVNO Google Fi has cut pricing on two of its unlimited data plans, Simply Unlimited and Unlimited Plus.
Weiterlesen »
Google Fi cuts plan pricing, adds more high-speed data | EngadgetGoogle Fi is making its unlimited data plans more affordable..
Weiterlesen »