AT&T Plans Fiber Expansion by 1 Million Locations Annually from 2026

AT&T has announced a significant acceleration of its fiber network expansion, planning to add 1 million new fiber customer locations annually starting in 2026. This initiative is enabled by the recently passed One Big Beautiful Bill Act, which includes tax incentives and provisions to create a midband spectrum pipeline critical for 5G deployment and maintaining U.S. technological competitiveness. AT&T emphasized that expanding fiber infrastructure will boost average revenue per user and reduce customer churn, supporting a strong business case after initial capital investments. The company credits key legislators and President Trump's leadership for prioritizing spectrum availability and tax incentives that facilitate this investment. AT&T will provide detailed financial projections and updates on the impact of the legislation in its Q2 2025 earnings release scheduled for July 23, 2025. Analysts currently have mixed price targets for AT&T's stock, with an average rating of "Outperform," although some valuations suggest potential downside risk relative to its current share price.