ET on Wednesday, April 22, NYSE:T reported first-quarter results that underscored the financial strength and ample liquidity of the business even with current economic conditions. The strength and relevance of our core subscription businesses, our continued execution on our business transformation initiatives, and sizing of our operations to economic activity is expected to provide cash from operations to support investments in growth areas, dividend payments and debt retirement. Growth in domestic wireless service revenues and strategic and managed business services revenues partially offset declines in revenues from WarnerMedia, domestic video, legacy wireline services, domestic wireless equipment and Vrio. Merger-amortization was stable year-over-year and includes amortization of orbital slots licenses which commenced in the current quarter. Operating income margin was Due to the lack of visibility related to COVID pandemic and recovery, the Company has withdrawn financial guidance at this time. For reporting purposes, the company counts these subscribers as if they had disconnected service. Ookla trademarks used under license and reprinted with permission.


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The following are "forward-looking statements" which are based on management's beliefs as well as on a number of assumptions concerning future events made by and information currently available to management. Safe Harbor. Organization, Staffing and Accountability Organizational and operational changes Implemented leadership changes at corporate and markets Aligned organizational goals and objectives Decentralized certain functions to better serve the customer Restructuring charge in 1Q02 Decentralization? Inbound Sales Migration Success - Seattle Market Internalizing resources to deliver results Improved inbound sales yield Reduced cost per sale Shortened average handle time Expect to introduce combination sales. Foundation in Place to Improve Customer Care Reduced call centers from to 30 Reduced billing systems from 12 to 2 Introduced new customer care technologies such as e-care, self-help, and IVR 53 Major work done to improve customer care infrastructure. Digital Cable - Today 3. Digital Cable - Time for a Change More bandwidth delivers more options Customer focus groups revealed desire for a non-premium digital package with more special interest programming "Everybody in the family can find something to watch with this package. You get more for your money, more channels! You could retain the customer that way.
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