Stankey said AT&T is now in the ‘middle innings’ of its transformation as the company inches closer to parting ways with its video and entertainment businesses.4:54 PM on Jan 26, 2022 CST
Dallas-based AT&T was able to top analysts’ expectations with its fourth-quarter earnings Wednesday, bringing in $40 billion, up from $30 billion over the same time period in 2020.Stankey said Dallas-based AT&T is now in the “middle innings” of its transformation as the company gets set to part ways with its video and entertainment businesses. Its deal tois now expected to close in the second quarter of this year despite antitrust scrutiny from Democratic members of Congress.
AT&T has a “clear line of sight” to completing billions in cost savings initiatives by the end of the year, giving it an increased ability to invest in itself, Stankey said.
$40 billion in one quarter. No wonder corporations control just about everything in America. lol Capitalism run amok.