AT&T continues to reduce costs, possibly reconfigure or sell assets

By Devika Patel

Knoxville, Tenn., Jan. 4 – AT&T Inc. plans to continue on its cost reduction process and may also reconfigure its assets for a potential sale.

“With a balance sheet of our size, you can imagine that it’s an ongoing process for us to look for asset opportunities of things that are either non-strategic or structurally they’re just not just not necessary in the future,” chief strategy officer and group president John Donovan said at the Citi global internet, media and telecommunications conference in Las Vegas on Wednesday.

The company has been reducing costs “for quite a while,” Donovan said, adding that “some point you reach a tipping point where the assets itself can be reconfigured.”

AT&T is a telecommunications provider based in Dallas.

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