AT&T CFO John Stephens Updates Shareholders
AT&T Senior Executive Vice President and CFO John Stephens Updates Shareholders
John Stephens, senior executive vice president and chief financial officer of AT&T Inc.* (NYSE:T), spoke today at the MoffettNathanson Media & Communications Summit, where he provided an update to shareholders.
Stephens discussed AT&T’s commitment to its customers and employees during the Coronavirus pandemic. He said it is difficult to predict the length or the depth of the economic impact from the pandemic or its effect on the company’s overall business.
However, Stephens said that with the resiliency of AT&T’s wireless, broadband and enterprise businesses, he has confidence in the company’s ability to continue to generate strong cash flow to invest in key capital areas including fiber, 5G and HBO Max, comfortably cover its dividend and pay down debt. Additionally, Stephens said the company is moving forward with its transformation plans on operational costs and efficiencies.