AT&T's Ericsson Deal Fails to Cut Costs, CEO Admits
AT&T's CEO, John Stankey, stated that the recently announced $14 billion supply deal with Ericsson will not be a "secret sauce" for reducing costs, but rather the savings will be allocated towards other spending priorities such as improving wireless coverage and building fiber-optic cables. Stankey also mentioned that Nokia could still compete for business in the future, particularly in the era of 6G networks. The deal with Ericsson will result in AT&T moving away from Nokia equipment in many markets.