T - Will AT&T's Latest Strategies Impress the Market? Analyst Weighs In On Potential Impact And New Ericsson Deal | Benzinga
Oppenheimer analyst Timothy Horan had a Perform rating on AT&T Inc (NYSE: T). The analyst hosted Pascal Desroches, CFO, at its 5G conference yesterday.
Horan noted that the tone was upbeat, highlighted by continued network and operational improvements driven by the company's strategic shift to a bundled connectivity provider.
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Desroches touched on the company's new agreement with Ericsson (NASDAQ: ERIC), accelerating Open RAN efforts to drive efficiencies, optionality, and industry innovation, the analyst highlighted.
T has passed peak CapEx spending levels and is guiding a step down in capital to $21 billion to $22 billion next year (inclusive of the Ericsson deal) while signaling more confidence in its ability to drive healthier FCF. It reiterated its FWA strategy as a niche service.
The analyst noted that T has a unique position as ...