AT&T plans $18 bn Capex to focus on  5G network expansion

AT&T today announced that its capital expenditures (Capex) for 2021 will be nearly $18 billion as it will enhance focus on 5G network expansion.
AT&T 5G network expansionAT&T’s capital expenditures touched $2.4 billion during the fourth quarter of 2020 and $15.7 billion in 2020.

AT&T’s consolidated revenues for the fourth quarter totaled $45.7 billion versus $46.8 billion in the year-ago quarter.

AT&T’s revenues totaled $171.8 billion in 2020 versus $181.2 billion in 2019. The COVID-19 pandemic impacted revenues across all businesses, particularly WarnerMedia and domestic wireless service revenues, which were pressured from lower international roaming.

AT&T said on Wednesday it added more postpaid phone subscribers than expected during the fourth quarter, helped by an uptick in demand for its 5G services as people continued to work from home following fresh pandemic curbs.

The 5G iPhone launch in the quarter, coupled with offerings such as free subscriptions to AT&T’s HBO Max streaming service, helped the company rein in more customers.

The company added 800,000 net new postpaid phone subscribers during the quarter.

Revenue in AT&T’s HBO business rose 11.7 percent to $1.9 billion, driven by a growth in subscription revenue.

The company reported a net loss attributable of $13.88 billion, or $1.95 per share in the fourth quarter ended Dec. 31.