AT&T Inc. (T) Presents at Morgan Stanley European Technology, Media & Telecom Conference 2022 (Transcript)

Nov. 17, 2022 2:17 PM ETAT&T Inc. (T), TBC, TBB, T.PA, T.PC1 Comment
SA Transcripts profile picture
SA Transcripts

AT&T Inc. (NYSE:T) Morgan Stanley European Technology, Media & Telecom Conference 2022 November 17, 2022 6:20 AM ET

Company Participants

Pascal Desroches - Senior Executive Vice President and Chief Financial Officer

Conference Call Participants

Simon Flannery - Morgan Stanley

Simon Flannery

All right. Good afternoon, everybody. I'm delighted to have Pascal Desroches joining us from AT&T. Welcome to Barcelona.

Pascal Desroches

Thank you for having me, Simon. Good afternoon, everyone.

Simon Flannery

So, before we get started, please note more research disclosures on I believe you have a safe harbor as well, Pascal.

Pascal Desroches

Yeah, I think you should refer to our website. Some of the statements we're about to say are forward looking, and therefore, subject to uncertainty. You can go to our website for more details.

Simon Flannery

Great. So it's been a busy year for AT&T. For those of you in the audience who are not as familiar perhaps with the story, perhaps just take us through what happened, where we are and the priorities as you go into 2023?

Pascal Desroches

Yeah. Look, again, it's such a pleasure to be here. This is my first trip outside of the U.S. since the pandemic. So it's really nice to be here and tell you a little bit about the AT&T story.

AT&T has had a change in management probably that goes back now to around two-and-a-half years. I was new as the CFO. And the CEO, John Stankey, although he had been with the company for years, he's now the CEO getting to make all the decisions. So you have a company that had a number of different businesses that were about to hit an investment cycle. You had very high debt levels. You had a much higher dividend, absolute level of dividend nearly twice what the current dividend is.

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.