The Covid-19 pandemic was a $2.8 billion anchor on AT&T's Q2 results due a lack of live sporting events and the cost to protect its employees, among other factors. AT&T CEO John Stankey, who took over as CEO on July 1, said on the Thursday morning's earnings call that AT&T would operate on the assumption [...]
Consumers are adopting stand-alone broadband services at a much higher rate than just two years ago, and analysts predict that the economic downturn prompted by the COVID-19 outbreak will accelerate the trend. Why it matters: With a recession looming, consumers may look to cut pay TV service in favor of more robust standalone internet packages [...]
AT&T is covering all of its cloud bases with yet another cloud announcement, this time with IT vendor Tech Mahindra. The multi-year agreement, which is reportedly worth $1 billion, follows hot on the heels of recent cloud announcements with Microsoft, IBM, and Mirantis. AT&T's announced partnership with Microsoft in July was the telco's coming out [...]
