Laffer Tengler Investments Portfolio Manager David Jeffress in The Wall Street Journal

AT&T Shed Media Assets in 2021. This Year It Wants to Add Investors.

Telecom giant’s stock slump last year shows that investors have yet to buy into management’s promise to reinvigorate the company

AT&T Inc. T +3.37% faces a busy year as it tries to complete a divorce with its entertainment business, ease investor concerns about its dividend and show that it can continue to woo new wireless customers.

The Dallas conglomerate spent much of 2021 on what amounted to a gut remodel. It kicked off a series of big divestitures spanning pay TV, media production and advertising, moves aimed at refocusing AT&T on more predictable growth opportunities from profit centers such as wireless and broadband service.

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