At AT&T’s analyst and investor day, CEO John Stankey signaled a two-act reinvention for the operator, describing a company more focused on connectivity and value-added software packages than on the entertainment play that characterized its recent past.
For nearly the last two years, AT&T has been slowly distancing itself from its entertainment assets, closing a $43 billion deal to combine WarnerMedia with Discovery, and prior to that, spinning off DirecTV into a stand-alone unit 30%-owned by private equity firm TPG.
