Senior EVP & CFO, Att
Search every verified Pascal Desroches interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Pascal Desroches, AT&T's CFO, has discussed the company's ongoing transition away from legacy copper infrastructure toward fiber and wireless services. In a March 2025 interview, he stated that AT&T expects to "largely get out of the copper business" over the next five years and projected $3 billion-plus in savings over three years from that shift. He described the company's strategy as growing its core mobile and fiber businesses while legacy revenues decline, and said AT&T aims to return value to shareholders through dividends and share buybacks. Desroches also noted that over 70% of consumers want to buy connectivity services from a single provider, and he expressed admiration for Apple's customer loyalty. In a July 2022 interview, Desroches addressed recession risks and free cash flow guidance. He said that even in a recession, AT&T expects customers to pay their bills due to the "mission-critical nature" of its services, though he acknowledged delinquency trends were slightly worse than pre-pandemic levels. Desroches described price increases for some customers on older plans as a "painful step" that had shown early positive results. He also stated that AT&T had taken "hard steps" including dispositions and a dividend reduction to position the company for long-term investment and growth.
“We expect to have 3 billion plus of declines over the next three years. Of course, savings over the next three years. Where's that going to come from? A big part of what you said is we have a big legacy copper, base of customers and underlying infrastructure. Over the next five years, we expect to largely get out of th...”
“We are on track to do that. Talk to us then about buybacks and dividends. Okay. You've described a business model that really you haven't used the word utility, but it is in fact a utility in many ways. And you referenced an annuity being generated as a result of that.”
“We have pledged to return value in all three ways. We're going to grow the business. We're going to pay a healthy dividend, and we're going to buy back a portion of the shares, giving everyone with a bigger piece of the company.”
“The government had a big auction back in 2021. Since then it has an auction. Any new spectrum. We've been, we and others have been vocal about the need to add more spectrum, to the pipeline to really allow a cost effective expansion of delivering mobility services.”
On the latest After Earnings, AT&T CFO Pascal Desroches joins Ann Berry to unpack the company's strategy, investments, and ...
AT&T CFO Pascal Desroches joins Yahoo Finance Live anchor Brian Sozzi and Julie Hyman to discuss earnings, cash-flow guidance, recessionary risks, inflation, phone subscribers, and the outlook for growth. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: • Elizabeth Holmes: 'Valley of Hype' [p... Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financ…
Sign in to search the full transcript archive, filter by topic, and access every quote from Pascal Desroches.