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AT&T Inc. (T) CEO Randall Stephenson on Q4 2019 Results - Earnings Call Transcript

Jan. 29, 2020 11:50 AM ETAT&T Inc. (T)38 Comments
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AT&T Inc. (NYSE:T) Q4 2019 Earnings Conference Call January 29, 2020 8:30 AM ET

Company Participants

Michael Viola - Senior Vice President of Investor Relations

Randall Stephenson - Chairman & Chief Executive Officer

John Stankey - Chief Operating Officer

John Stephens - Chief Financial Officer

Conference Call Participants

John Hodulik - UBS

Philip Cusick - JPMorgan

Simon Flannery - Morgan Stanley

David Barden - Bank of America

Michael Rollins - Citi

Kannan Venkateshwar - Barclays


Welcome to the AT&T Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, there will be a question-and-answer session. Instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host Michael Viola, Senior Vice President of Investor Relations. Please, go ahead.

Michael Viola

Thank you, and good morning, everyone. Welcome to our fourth quarter conference call. I'm Mike Viola, Head of Investor Relations for AT&T. And joining me on the call today is Randall Stephenson, AT&T's Chairman and CEO; John Stankey, Chief Operating Officer for AT&T; and John Stephens, AT&T's Chief Financial Officer.

Randall will begin the call with a brief overview of the 2019 accomplishments and a look at our three-year plans. John Stephens will then discuss fourth quarter results and then John Stankey will walk you through key areas of our 2020 operating plan. John Stephens will then close the presentation with an update on our capital allocation plan and 2020 financial guidance. Then we'll take your questions.

Before I begin, I want to call your attention to our safe harbor statement, which says that, some of our comments today may be forward-looking and as such, they're subject to risks and uncertainties. Results may differ materially and additional information is available on

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