Summary by Futu AI
AT&T Inc. (AT&T) released its 2023 Annual Report, highlighting a year of strong performance and strategic achievements. The company emphasized its success in expanding its 5G and fiber networks, which contributed to sustainable growth and strong cash conversion. AT&T's focus on efficient operations led to the achievement of a $6 billion-plus run-rate cost transformation target ahead of schedule, with progress on an additional $2 billion-plus in targeted savings by mid-2026. The report also detailed AT&T's capital allocation strategy, which supported historic investment levels in 5G and fiber while maintaining a trajectory to achieve a 2.5x net debt-to-adjusted EBITDA target in the first half of 2025. The company's wireless segment added over 1.7 million high-value postpaid...Show More