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posted by chromas on Thursday October 31 2019, @03:24AM   Printer-friendly
from the starlink-bait dept.

AT&T will slash $3 billion off its capital investments next year

AT&T is planning to spend just $20 billion on capital investment in 2020, down from $23 billion this year. [...] The company is on pace to exceed its 2019 goal as it averaged more than $6 billion per quarter in the first three quarters. But with a forecast of $20 billion across all of 2020, AT&T expects to spend about $5 billion per quarter on capital investments going forward. The company is under pressure from investors to control spending, in part because its TV business is tanking and because of AT&T's giant debt load stemming from the purchases of DirecTV and Time Warner.

[...] AT&T's capital spending will decline next year despite the company's plan to roll 5G mobile service out nationwide. AT&T already got much of the 5G spending out of the way by purchasing spectrum licenses, and AT&T CEO Randall Stephenson told investors that the company's "strong spectrum position will allow for lower capital intensity" over the next three years.

AT&T has also mostly stopped its fiber-to-the-home broadband construction even though large portions of its 21-state territory still have only copper-based DSL service. Fiber deployment isn't stopping completely, as Stephenson said that "5G requires us to continue deploying fiber." But AT&T customers who can't get modern broadband speeds or reliable wireline service in their homes would welcome more capital investment in their neighborhoods.

Related: AT&T Lays Off Thousands After Nabbing Billions In Tax Breaks And Regulatory Favors
AT&T Will Give Poor People 1.5 Mbps DSL for $10 if US Allows DirecTV Merger
AT&T Employees Took Bribes to Plant Malware on the Company's Network
AT&T Turns On 5G In New York, But It Still Isn't Available To Consumers
Lawsuit: AT&T Signed Customers Up for DirecTV Now Without Their Knowledge
AT&T Considers Getting Rid of DirecTV as TV Business Tanks, WSJ Reports


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  • (Score: 1) by Sally_G on Thursday October 31 2019, @03:50AM (2 children)

    by Sally_G (8170) on Thursday October 31 2019, @03:50AM (#914017)

    This means they will be cutting my bills? /sarcasm

  • (Score: 0) by Anonymous Coward on Thursday October 31 2019, @04:02AM

    by Anonymous Coward on Thursday October 31 2019, @04:02AM (#914020)

    Cut your own bills by porting your number to a competitor that charges less. There's no shortage of MVNOs for you to choose from.

    https://en.wikipedia.org/wiki/List_of_United_States_mobile_virtual_network_operators [wikipedia.org]

    Sort the table by Host Network if you want to stay on AT&T for signal coverage.

    The alternative is to continue whining pathetically like you're doing now. Your choice.

  • (Score: 2) by JoeMerchant on Thursday October 31 2019, @01:40PM

    by JoeMerchant (3937) on Thursday October 31 2019, @01:40PM (#914100)

    AT&T had two lines (multiple twisted copper pairs) running to my house when I bought it in 2012. I doubt the previous owner used their service, I never have. 6 months ago a branch fell from a neighbor's tree and cut those lines - boo hoo. I don't see them coming out to fix them, and I suspect they have similar "infrastructure savings" all around the country.

    --
    🌻🌻 [google.com]