AT&T grouped plans stimulate the overvoltage of subscribers, tax savings to finance the expansion of fibers
By Harsita Mary Varghese
(Reuters) -at & t has beaten quarterly profits estimates and added more wireless subscribers than expected when customers appeared to their bundles at reduced prices combining mobile fiber plans and at high speed 5G.
The company said on Wednesday that it would invest about $ 3.5 billion in savings unlocked by the new tax law of President Donald Trump to accelerate its construction of fiber networks, a critical growth zone while the wireless saturation market and the overvoltages of use of the Internet.
The American telecommunications giant plans to save $ 6.5 billion at $ 8 billion in taxes until 2027 in the context of new reforms, and the projection of available cash flows is approximately $ 1 billion than previously expected for 2026 and 2027.
New Street Research analyst Jonathan Chaplin said that some investors will be disappointed that additional cash flows are devoted to strategic investments that share buybacks.
The actions of the company have dropped by almost 1% of volatile early exchanges.
AT&T, based in Texas, added 243,000 fiber customers in the second quarter, less than 250,610 expected by Alpha visible analysts.
The company said it expected the acquisition of Lumen’s mass fiber activities to be closed in the first half of 2026, to propel it to more than 60 million fiber places by the end of 2030.
Analysts said that the savings in tax law, which stimulated annual forecasts at Rival Verizon, could help wireless operators challenge the High Stage Comcast, who also made breakthroughs in wireless.
AT&T added 401,000 subscribers per phone without net invoice in the second quarter, he said on Wednesday, exceeding Factst estimates of 295,700. Verizon lost 9,000 customers during the same period.
The company said turnover of $ 30.8 billion, beating estimates of $ 30.50 billion, according to data compiled by LSEG. The profit adjusted by action of 54 cents has also exceeded the expectations of 51 cents.
Mobility income increased by 6.7%, driven by subscribers and sales volumes of higher wireless devices.
(Report by Harshita Mary Varghese in Bengaluru; edition by Sriraj Kalluvila)
