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In its first three months as a telecom pureplay in years,
AT&T
showed big subscriber growth from the year-ago period but fell flat on its free cash flow generation and took down guidance for the full year. That wasn’t positively received by the company’s dividend-focused shareholder base.
Also, the new-look AT&T (ticker: T) added more wireless and fiber subscribers than expected, paid down debt, and continued to invest in fiber and 5G—while beginning to feel the impact of a slowing economy.
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