NEW YORK, Jan 25 (Reuters Breakingviews) - AT&T (T.N) boss John Stankey is getting the telecom titan back in its lane.
The $145 billion company on Wednesday disclosed a $25 billion non-cash impairment charge partly related to its landline business.
AT&T benefited in other ways, adding 656,000 net new mobile subscribers who pay monthly in the fourth quarter, far better than what Verizon Communications (VZ.N) managed.
In the fourth quarter, AT&T’s average revenue per user for its fiber product was approaching $65, $10 higher than what its non-fiber service fetches.
At least it’s a venture in AT&T’s wheelhouse, and a higher fiber diet should help mitigate the M&A bloat.
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