AT&T beats targets, eyes 40m fiber locations, more convergence

AT&T closed out the year ahead of its own 2025 guidance, posting strong fourth-quarter and full-year results tied to its push into fiber and 5G. The company is moving to pass 40 million locations with fiber, while reshaping its network portfolio through deals for select Lumen and EchoStar assets. It is also tightening its focus on higher-margin enterprise services and reorganizing how it reports results to better reflect a strategy built around converged connectivity across fixed and mobile networks.

The shift underscores AT&T’s bet that long-term growth will come from deeper fiber reach, 5G upgrades and bundled services, rather than chasing lower-value consumer lines. By retooling its business mix and financial reporting around these units, the company is signaling to investors that convergence and enterprise customers sit at the center of its next phase.