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Investing.com -- AT&T (NYSE:T) stock held onto gains of 1.9% today after President Donald Trump criticized the telecommunications giant for equipment failures during a conference call with faith leaders.
Trump took to his Truth Social platform to express frustration about AT&T’s service, stating, "I’m doing a major Conference Call with Faith Leaders from all over the Country, and AT&T is totally unable to make their equipment work properly. This is the second time it’s happened." He called for intervention from "the Boss of AT&T, whoever that may be," noting that "tens of thousands of people" were on the line.
Despite the public criticism from the president, AT&T shares maintained their upward trajectory during the trading session. The company has not yet issued a public response to Trump’s comments about the alleged technical difficulties.
The telecommunications provider has been focusing on its core business after completing the spinoff of its media assets in 2022, which resulted in the creation of Warner Bros. Discovery (NASDAQ:WBD). AT&T’s strategy has centered on expanding its 5G network and fiber internet services to drive growth.
Investors appear to be looking beyond the isolated service complaint, focusing instead on the company’s fundamental business performance and ongoing network expansion efforts.
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