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Technology Stocks : Infinera

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Feb 28 4:00 PM EST

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From: FJB	8/23/2021 10:57:00 AM
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AT&T: Supply chain issues to impact FTTH rollout 13 August 2021 Credit: Hadrian/Shutterstock.com U.S. provider AT&T will experience delays to its ambitious fibre rollout programme due to shortages in global semiconductors impacting component and fibre production. Pascal Desroches, senior executive vice president and chief financial officer at AT&T spoke at the Oppenheimer Technology, Internet & Communications Conference, where he provided an update to shareholders. Desroches stated that AT&T has good momentum and continues to execute in its market focus areas of 5G, fibre and HBO Max. At the same time, it will continue to invest in its network. This strategy, he said. is about unlocking the value of AT&T’s assets and matching the video and entertainment businesses with the right capital structure and partners to help the business focus on growth in wireless and fibre while also giving shareholders future optionality with WarnerMedia and allowing the company to benefit from potential upside with DIRECTV. Following completion of the WarnerMedia/Discovery transaction, which is expected in mid-2022, AT&T expects to significantly reduce debt and to increase investment in 5G and fibre. cont.. fibre-systems.com

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