AT&T Expects 3% Growth In Adj. EBITDA For Full Year

(RTTNews) - AT&T Inc. (T), a telecom holding company, said on Tuesday that it expects an adjusted EBITDA growth of 3 percent, for full year 2023. This is mainly in-line capital investment and lower handset payments, for the year.

The company noted that it continues to focus to boost high-value customer base for both 5G and fiber.

For the second-quarter, in wireless, the company is tracking slightly above 300,000 postpaid phone net additions, with fiber net additions in the mid-200,000 range.

In addition, the telecom firm anticipates deploying midband 5G spectrum to 200 million people by year-end 2023. The company expects to pass over 30 million consumer and business locations in its traditional service area with its fiber network by the end of 2025.