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Hi, everybody, and welcome to In Good Company, and today we are live from New York.

Now, the first thing I did when I arrived was to change my SIM card in my phone to an AT&T SIM card.

Well, thank you for that next month.

And so therefore, it's kind of fun to be here with the CEO of the whole company, AT&T.

It's good to be with you and thank you for changing your SIM card to an AT&T SIM card.

Data traffic is exploding, right?

We are using it more and more and more, yet the telecom sector is kind of

certainly lagging the, you know, the Meg 7 and the big tech stocks. Why is that?

Well, that's clearly the value add on the high margin products when somebody can carve out

a dominant market position. They tend to drive better margins than the magnificent seven have managed to do that in each of their segments.

In our case, we're a pretty competitive industry.

And as a result of that, we tend to grow at GDP or GDP a little bit plus.

And our ability to kind of carve that same dominant position at large margins just hasn't arrived at this point.

Having said that, the next exciting part about the industry is the fact that AI is going

to drive another growth cycle and data and usage demand.

And we think that's going to be a unique opportunity for growth in our business moving

forward and it's going to allow for that consistent, steady improvement

of cash flows if you invest correctly during this chain cycle that's occurring right now.

So how should we look at the relationship between the explosive growth in data and the

providers of the infrastructure?

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