Hello everyone and welcome to Ad Barrens. I'm Andy Surwer.

Welcome to our guest, John Stanky, CEO of AT&T. John, great to see you.

It's good to be with you, Andy.

So your stock has, and I should say by the way, Chairman and CEO, congratulations on that additional role, right?

Yeah, I guess it's time for new business cards, huh?

Yeah, that's it. Your stock has really been on a tear, John, up 60% year-to-date, or over the past 12 months, I should say,

market capitalization getting close to $200 billion. What's been going on? I think we had a five-year high

yesterday or something like that. Selling you short. Yeah, that's right.

So to speak.

Look, I think what's been going on is we set out an objective about four years ago

where we said we wanted to focus on being the nation's best communications company.

And we wanted to line that up with strong investment, getting our folks focused on that objective and become a better company every year.

And we've done that. And it's quite a different business today than it probably was four years ago.

And it's demonstrating that it can execute consistently driving improvements in cash flow, improvements in margins,

improvements in customer satisfaction, improvements in cash flow, improvements in margins, improvements in customer satisfaction,

improvements in share performance, leading in bringing converged services together, both wireless

and fixed.

And when you do that consistently, I think the market starts to take notice of the inherent value

that's in the business.

Yeah, there's a lot to unpack there.

Let's talk about 5G and fiber, those two key elements of the business.

Where do you stand on those rule as?

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