AT&T CFO John Stephens Provides Update to Shareholders - Seite 2

Wireless trends and competitive landscape. Stephens also discussed AT&T’s wireless business and plans for growth. Growth in wireless is expected to be driven by network performance and recognition that the company has the nation’s best and fastest wireless network¹; targeted promotions; and expanded sales opportunities from AT&T’s FirstNet build.

Stephens said that while the wireless market remains competitive, he likes AT&T’s position given the company’s network advantages, including a strong spectrum position; its FirstNet build; new wireless plans; and the ability to bundle content — specifically, HBO Max — with owner’s economics.

Entertainment Group. The company’s Entertainment Group remains on track to achieve its goal of stable EBITDA in 2019, with EBITDA up 2.3% through the third quarter due to AT&T’s focus on profitable customers. Stephens also said that the third quarter is expected to be AT&T’s peak video subscriber loss quarter. AT&T has about 400,000 customers left on highly discounted video plans.

*About AT&T

AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. It executes in the market under four operating units. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands including: HBO, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim, Turner Classic Movies and others. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband services. Plus, it serves nearly 3 million business customers with high-speed, highly secure connectivity and smart solutions. AT&T Latin America provides pay-TV services across 11 countries and territories in Latin America and the Caribbean, and is the fastest growing wireless provider in Mexico, serving consumers and businesses. Xandr provides marketers with innovative and relevant advertising solutions for consumers around premium video content and digital advertising through its AppNexus platform.