AT&T Hopes to Save $2 Billion After Cutting $6 Billion in Costs By Shutting Down Older Wireless Networks





AT&T Trucks

Recently, AT&T cut costs in its wireless division by shutting down older wireless networks. This resulted in savings of about $6 billion. Now AT&T reportedly plans to save $2 billion over the next three years, according to a report from This announcement comes as AT&T announces it will focus on bringing wireless services to the Internet of Things like smart cars and more. AT&T expects the IoT landscape to experience exponential growth, driving the need for efficient operational optimization helping AT&T drive up revenues.

The plan to achieve $2 billion in savings will involve careful restructuring and optimizing various aspects of AT&T’s operations. This includes identifying and leveraging opportunities across the IoT spectrum, from network infrastructure to data management, in order to reduce costs. AT&T reportedly says these changes won’t impact the quality of its service.

One of the key drivers behind this strategic decision is the significant growth in IoT connections. From cars to home appliances, a growing number of devices are now connecting to wireless networks. AT&T aims to position itself as a frontrunner in providing the necessary infrastructure to support this expanding ecosystem. Other companies like DISH are also hoping to become leaders in IoT connections competition with AT&T.

The question now is will AT&T be able to reach these savings without impacting service. The other question is can AT&T dominate the IoT like they hope.

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