AT&T Manhattan Investor Conference

Those of you interested in AT&T should check out this monster 169 page presentation (warning, .pdf link) made yesterday at their analyst conference.

The specifics on Project Lightspeed can be found on pages 86 – 113.

Highlights:

• Homes Passed in 2006, 2007, 2008 – 3M, 9M, 18M
• $4.4B in capex to reach all 18M customers
• $700M in annual Opex savings (huh?)
• Only 6% of revenue at risk due to cable telephony (pg 123)

I have a hard time buying the reductions in opex. The reality is AT&T is going to have MORE, not less hardware in the field that can break. This is where the FiOS all optical approach really shines ( ha ha -rimshot-).