AT&T: CEO Shared Aggressive Fiber Vision at GS Conference

(Free on Substack) Company Update (AT&T US) (Neutral)

A version of this was also published on my Twitter account.

Introduction: AT&T CEO John Stankey appeared at an investor conference (with Goldman Sachs) on Tuesday (September 21), and shared an aggressive vision for AT&T’s fiber business.

2025 Target of 30m Households Will “Probably” Change

Stankey stated that the current target to cover 30m households in 2025 is not a "magic number", and management will "probably" change it. He further stated that “the only thing that stands in the way between ... 30m and doing more is (AT&T’s) execution and performance"; a positive investor reaction is also likely a prerequisite - Stankey would also like AT&T’s "investment base to recognise the good work we have been doing":

Aiming for 50% Market Share in Local Markets

Stanley also stated AT&T is "not going to be happy until we have a 50-50 share split in places where there's 2 capable broadband providers". Current AT&T business case is that "40% penetration levels (are) the threshold" to warrant an inves…