UPDATED: On the cusp of spinning off WarnerMedia — ending AT&T’s ill-fated foray into the entertainment biz — telco chief CEO John Stankey touted the company as getting into fighting shape to succeed in its core wireless and broadband sectors.
AT&T released updated financial guidance on Friday ahead of its investor day presentation, fleshing out its post-WarnerMedia strategic priorities. Separately, Discovery shareholders also Friday voted to approve the $43 billion merger with WarnerMedia, putting it on a path to close as soon as mid-April after the deal won U.S. regulatory clearance last month.
“Now that the close of the WarnerMedia deal is approaching, we are near the starting line of a new era for AT&T,” Stankey said in prepared remarks. “The transformation we’ve undergone over the past 18 months while delivering outstanding operational results has brought us to this…
