AT&T: quick thoughts following the call
The most interesting theme that emerged on AT&T’s call was AT&T’s focus on convergence. In this note we compare the convergence positioning of the three national carriers. We also reprise our analysis of growth in the mobile businesses at AT&T and Verizon to make the case for AT&T’s higher multiple. We touch on their ACP comments and the implications for Charter. Finally, we touch on AT&T’s increased fiber deployment targets and the prospect for share repurchases.AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.
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