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AT&T’s $2.6 Billion Mexico Write-Down — The Price Of Its Strategic Reset!

AT&T Inc. reported its third-quarter 2026 results reflecting continued progress in its strategic shift toward advanced connectivity services, highlighted by its strongest consolidated service revenue growth in over four years. The company added more than one million Advanced Connectivity customers for a second consecutive quarter, driven by fiber, fixed wireless, and postpaid phone net additions. Advanced Connectivity service revenue increased 6.1% year over year to $23.9 billion, with operating income rising 18.9% to $7.6 billion and adjusted EBITDA up 7.3% to $12.3 billion. The broadband customer base grew by 769,000, including 442,000 fiber and 327,000 fixed wireless connections, while postpaid phone net adds totaled 379,000 with churn remaining low at 0.92%. Consolidated revenues grew 5.3% year over year to $32.3 billion, supported by increases in Advanced Connectivity wireless service and equipment revenues, as well as fiber revenues boosted by the acquisition of Lumen’s mass markets fiber business.