Latest news with #JeffMcElfresh
Phone Arena
14-05-2025
- Business
- Phone Arena
AT&T's internet master plan? Reportedly, FWA now — fiber takeover later
AT&T's Jeff McElfresh has shed some light on AT&T 's fiber and FWA plans. AT&T seems to have big plans for its extensive fiber network expansion. SDx Central now reports that AT&T 's COO, Jeff McElfresh, has just detailed the telecom giant's plans for expansion and how they dictate its 5G FWA (Fixed Wireless Access) deployments. Reportedly, McElfresh said during a J.P. Morgan investor conference that AT&T is currently on a fiber building expansion equivalent to deploying a new fiber connection between New York City and Los Angeles "in route miles every month." McElfresh also reportedly stated that they're now a scaled fiber builder. Back in 2022, AT&T formed a venture partnership with the firm BlackRock, which is also related to the scaling of the fiber network. The carrier's COO also said that AT&T 's plans are to eventually pass 50 million locations with fiber by 2029. Reportedly, McElfresh underlines that this type of heavy labor requires a lot of effort. The efforts are spread across 10,000 neighbourhoods in a given day, and he also highlighted the women and men at AT&T 's commitment to keep the machine going and achieving the carrier's vision. AT&T is using fixed wireless access (FWA) to get people online faster while they prep for the real goal: fiber. AT&T's plans on expansion are as serious as it gets. | Image Credit - PhoneArena AT&T 's exec reportedly explained that in some areas, the carrier is rolling out FWA first, like giving neighborhoods a quick internet option, before fiber arrives a few months later. Since AT&T controls both the wireless and fiber sides of its network, it can do this pretty smoothly. AT&T knows where its fiber will be going, and that's why it's giving people something in the meantime. It's a clever move: get people online now, then upgrade them when the high-speed fiber lines are ready. This approach lines up with what AT&T has been saying all along: FWA is useful, but it's not the final goal. CEO John Stankey recently called it a 'stop-gap' – a helpful bridge while they move away from older broadband tech and build out a future-proof fiber network. That said, FWA still has a role to play. Stankey pointed out that it might work long-term for businesses, where internet needs are more predictable. And it's clearly working: AT&T reportedly added a record 181,000 FWA customers last quarter. Stankey said the carrier is simply getting better at using it smartly and now has a clearer vision. AT&T is using the momentum from its fixed wireless growth to be smarter about where and how it expands its fiber network. Basically, in places where fiber isn't coming anytime soon, AT&T uses FWA as a 'catch', as a way to keep people connected without investing in older infrastructure. And in spots where fiber is coming soon, FWA can hold things over until the permanent upgrade arrives. The company's teams have gotten more efficient at rolling this out and are refining the playbook as they go. At the same time, AT&T keeps popping up in acquisition rumors, especially around fiber. One recent example is speculation about a possible deal to buy Lumen Technologies' consumer fiber business. While nothing is confirmed, AT&T has made it clear that it's open to moves that add long-term value and strengthen its position as a top-tier connectivity provider. And it's not just AT&T in the fiber race. Competitors like Verizon and T-Mobile are also rapidly expanding. Verizon is in the middle of a major $20 billion deal to buy Frontier Communications, which would boost its fiber coverage to over 25 million locations. T-Mobile has also jumped into the fiber game with bold moves of its own. The bottom line? Everyone's chasing fiber, and FWA is becoming a helpful tool.
Yahoo
12-05-2025
- Business
- Yahoo
Jeff McElfresh to Update Shareholders at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13
DALLAS, May 12, 2025 /PRNewswire/ -- Tomorrow, AT&T's chief operating officer will participate in a fireside chat where he will discuss the Company's multi-year strategic growth plan. Key Takeaways: AT&T reiterates full-year 2025 financial and operational guidance. AT&T is pursuing a multi-year strategic growth plan that centers around putting customers first, continued network investment and increased capital returns to shareholders. Jeff McElfresh, chief operating officer, AT&T Inc. (NYSE:T), will speak tomorrow at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference where he will provide an update to shareholders. AT&T's multi-year strategic growth plan will substantially advance its progress on becoming the best connectivity provider in America. The Company continues to differentiate its position within the connectivity industry by increasing its opportunity to serve customers how they want to be served, by one provider with fiber and 5G in a converged manner. The wireless market remains both healthy and competitive, with the Company's Mobility business continuing to perform in-line with the trends and expectations outlined during its first quarter 2025 earnings call. In Consumer Wireline, the Company continues to expand access to AT&T Fiber – America's fastest internet with the most reliable speeds.1 Trends in AT&T Fiber penetration rates remain consistent, with net adds varying from quarter to quarter based primarily on the pace of new fiber locations passed, seasonality and marketplace dynamics. For the second quarter 2025, the Company continues to expect capital investment* in the $4.5 billion to $5 billion range and free cash flow* of approximately $4 billion. AT&T reiterates all full-year 2025 financial and operational guidance. Additionally, the Company continues to operate the business to achieve the financial plan and capital returns outlined at its 2024 Analyst & Investor Day. AT&T remains committed to repurchasing shares under the previously announced $10 billion authorization, with plans to repurchase at least $3 billion of common stock by year-end and the remainder during 2026. Full conference details are posted on the AT&T Investor Relations website, including a replay of the webcast. To automatically receive AT&T financial news by email, please subscribe to email alerts. 1 Limited availability in select areas. Based on analysis by Ookla® of Speedtest Intelligence® data nationwide Speed Score and Consistency Score for Q3–Q4 2024. Ookla trademarks used under license and reprinted with permission. Cautionary 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. This 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 About 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 Investors can learn more at © 2025 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. View original content to download multimedia: SOURCE ATT
Cision Canada
12-05-2025
- Business
- Cision Canada
Jeff McElfresh to Update Shareholders at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13
DALLAS, May 12, 2025 /CNW/ -- Tomorrow, AT&T's chief operating officer will participate in a fireside chat where he will discuss the Company's multi-year strategic growth plan. Key Takeaways: AT&T reiterates full-year 2025 financial and operational guidance. AT&T is pursuing a multi-year strategic growth plan that centers around putting customers first, continued network investment and increased capital returns to shareholders. Jeff McElfresh, chief operating officer, AT&T Inc. (NYSE:T), will speak tomorrow at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference where he will provide an update to shareholders. AT&T's multi-year strategic growth plan will substantially advance its progress on becoming the best connectivity provider in America. The Company continues to differentiate its position within the connectivity industry by increasing its opportunity to serve customers how they want to be served, by one provider with fiber and 5G in a converged manner. The wireless market remains both healthy and competitive, with the Company's Mobility business continuing to perform in-line with the trends and expectations outlined during its first quarter 2025 earnings call. In Consumer Wireline, the Company continues to expand access to AT&T Fiber – America's fastest internet with the most reliable speeds. 1 Trends in AT&T Fiber penetration rates remain consistent, with net adds varying from quarter to quarter based primarily on the pace of new fiber locations passed, seasonality and marketplace dynamics. For the second quarter 2025, the Company continues to expect capital investment* in the $4.5 billion to $5 billion range and free cash flow* of approximately $4 billion. AT&T reiterates all full-year 2025 financial and operational guidance. Additionally, the Company continues to operate the business to achieve the financial plan and capital returns outlined at its 2024 Analyst & Investor Day. AT&T remains committed to repurchasing shares under the previously announced $10 billion authorization, with plans to repurchase at least $3 billion of common stock by year-end and the remainder during 2026. Full conference details are posted on the AT&T Investor Relations website, including a replay of the webcast. To automatically receive AT&T financial news by email, please subscribe to email alerts. 1 Limited availability in select areas. Based on analysis by Ookla ® of Speedtest Intelligence® data nationwide Speed Score and Consistency Score for Q3–Q4 2024. Ookla trademarks used under license and reprinted with permission. Cautionary Language Concerning Forward-Looking Statements Information 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. This 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 About AT&T We 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 Investors can learn more at
Cision Canada
06-05-2025
- Business
- Cision Canada
AT&T to Webcast Fireside Chat with Jeff McElfresh at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13
DALLAS, May 6, 2025 /CNW/ -- Tune in for a fireside chat with Jeff McElfresh at the J.P. Morgan Global Technology, Media and Communications Conference scheduled to begin at 8:50 a.m. ET. Webcast available live and for replay. Key Takeaways: AT&T to webcast fireside chat with Jeff McElfresh at the J.P. Morgan Global Technology, Media and Communications Conference. AT&T (NYSE: T) will webcast a fireside chat with Jeff McElfresh, chief operating officer, AT&T Inc., at the Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 13, 2025. The conversation is scheduled to begin at 8:50 a.m. ET. To hear more, tune into the webcast live or listen to the replay on the AT&T Investor Relations website. Viewers should start the webcast a few minutes before the planned start time in case the conference schedule changes. To automatically receive AT&T financial news by email, please subscribe to email alerts. About AT&T We 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 Investors can learn more at
Yahoo
06-05-2025
- Business
- Yahoo
AT&T to Webcast Fireside Chat with Jeff McElfresh at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13
DALLAS, May 6, 2025 /CNW/ -- Tune in for a fireside chat with Jeff McElfresh at the J.P. Morgan Global Technology, Media and Communications Conference scheduled to begin at 8:50 a.m. ET. Webcast available live and for replay. Key Takeaways: AT&T to webcast fireside chat with Jeff McElfresh at the J.P. Morgan Global Technology, Media and Communications Conference. AT&T (NYSE: T) will webcast a fireside chat with Jeff McElfresh, chief operating officer, AT&T Inc., at the Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 13, 2025. The conversation is scheduled to begin at 8:50 a.m. ET. To hear more, tune into the webcast live or listen to the replay on the AT&T Investor Relations website. Viewers should start the webcast a few minutes before the planned start time in case the conference schedule changes. To automatically receive AT&T financial news by email, please subscribe to email alerts. About AT&T We 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 Investors can learn more at © 2025 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. AT&T Inc. logo (PRNewsfoto/AT&T Communications) Cision View original content to download multimedia: SOURCE AT&T Cision View original content to download multimedia:
