That's Great news for buyers counting on cash flow through the telecom organization. And Supino identified that the corporate can also be nevertheless expanding subscribers. Within the fourth quarter, AT&T documented postpaid mobile phone Web adds -- the quantity of customers adding new lines -- grew more than expected.
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Supino thinks Ma Bell's cycle of poor news and damaging market sentiment has last but not least performed out. He noted that "amid negative headlines about convergence, desire prices, and direct, AT&T is escalating its Main, attaining performance, and having to pay down debt."
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Importantly for anyone wanting to own AT&T for its significant dividend, AT&T noted strong cash from functions and totally free hard cash circulation for 2023 when it claimed its fourth-quarter and comprehensive-yr results at the end of January. The company defeat its have raised steering with free of charge dollars movement of nearly $17 billion very last calendar year.
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