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3/14/2019 | 11:51:20 AM
Buried lede
A year or two ago, AT&T was talking about maybe exceeding the merger condition of 14M homes passed with fiber by about 5M. Now they're mostly stopping, apparently to move cash from capex to debt payments (while not reducing the sacred dividend).  I've also heard stories to the effect that arbitrary cost reductions and layoffs are raising havoc inside the business.

Meanwhile, it looks (from an admittedly less well-informed perspective) like AT&T is killing the goose that laid the golden eggs at Warner.

At least there are those 14M homes passed that they haven't completely ceded to cable. They even stopped hemorrhaging residential customers. 


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