AT&T’s McElfresh: Company is hitting “game speed” with fiber build, warns FierceTelecom

From FierceTelecom:

Despite some supply chain issues earlier this year, AT&T leadership believes the momentum surrounding the company’s fiber build is stronger than ever and that 2022 will be a pivotal year for the company’s wireline business.

Speaking at the Wells Fargo TMT virtual investor conference today, AT&T Communications CEO Jeff McElfresh told investors that the company’s fiber expansion is “rekindling” its consumer broadband business and that he has a high degree of confidence that the company is hitting “game speed” when it comes to the number of homes passed with fiber that it is achieving every month.

In August AT&T warned investors that supply chain issues will prevent the company from reaching its goal of delivering fiber to 3 million new locations in 2021 and revised that goal to 2.5 million. However, the company added that the supply chain glitches were temporary and wouldn’t impact the company’s ability to achieve its long-term goal of delivering fiber to 30 million locations by 2025.

AT&T had approximately 14 million homes passed with fiber as of year-end 2020 and is expected to increase that to 16.5 million homes passed by the end of this year. The company now has 5.7 million fiber customers.

Continue reading AT&T’s McElfresh: Company is hitting “game speed” with fiber build on FierceTelecom

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