Stankey: “The BBB Act is Great Policy for American Workers”
AT&T CEO Calls Trump, AT&T CEO John Stankey gave high praise to the Trump administration’s “One Big Beautiful Bill Act” during the company’s second-quarter earnings call. He claimed the sweeping legislation is “more significant” than the 1996 Telecommunications Act and offers long-overdue reforms for the telecom industry. Read More
Stankey applauded the FCC, led by Brendan Carr, for regaining authority to manage and auction valuable mid-band spectrum. He specifically pointed to upcoming auctions in the upper C-band, strongly backed by AT&T, as critical for the company’s 5G rollout and long-term competitiveness.
Mid-Band Spectrum Auction Energizes Wireless Market
The BBB Act authorizes the FCC to release vital 3.98–4.2 GHz mid-band spectrum — a move that benefits carriers like AT&T. The spectrum is seen as essential for balancing coverage and speed in 5G networks.
Stankey emphasized that the bill brings momentum to spectrum policy and infrastructure development. “The One Big Beautiful Bill Act is great policy for American workers,” he said, framing it as a win for jobs and technology.
Q2 Results Show Strong Growth in Wireless Segment
AT&T delivered better-than-expected Q2 results. The company added 401,000 postpaid wireless customers, outperforming competitor Verizon, which reported a net loss of 9,000 postpaid subscribers.
Net income climbed to $4.9 billion, up from $3.9 billion in the same quarter last year. Total quarterly revenue stood at $30.8 billion. The company’s prepaid segment also showed resilience, though Stankey noted some softness, possibly tied to changing immigration patterns.
Uncertainty Over Tariffs Still a Concern
While praising the BBB Act, Stankey warned about continuing tariff uncertainty. “We’re a small animal in a larger economy,” he said, urging clarity on trade policy to ease business operations and consumer confidence.
He mentioned a “pull-forward” trend in consumer purchases, likely driven by fears of rising costs from new tariffs.
Stock Dips Despite Solid Quarter
Despite the earnings beat, AT&T’s stock slipped 0.24% to $27.35. Market analysts blamed investor caution over macroeconomic concerns.
Still, Stankey’s optimism over policy changes and operational strength suggests AT&T is positioning itself for aggressive growth. With support from the BBB Act, the telecom giant is preparing to lead the next wave of wireless innovation.
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