AT&T Has a Plan to Boost Business Revenue
Telecom giant AT (NYSE: T) has successfully kept its wireless business growing by attracting hundreds of thousands of new subscribers each quarter. The fiber internet business is also performing well as the company expands its network. On the consumer side of the business, revenue growth from fiber services is outpacing revenue losses from legacy wireline services.
The part of AT that serves business is a different story. Business wireline revenue tumbled 7.3% in 2023, and operating income from that segment crashed 43.7%. While AT sells fiber internet services to businesses, as well as to consumers, it hasn't halted the ongoing slump in business wireline revenue.
The company announced on Tuesday that it was rolling out a business version of its AT Internet Air service, which uses its 5G wireless network to deliver internet service. The company launched the consumer version of Internet Air last year, although only in certain areas. On the consumer side, Internet Air helps fill in the gaps in the company's fiber network.
Source Fool.com
