Network Modernization and Fiber Expansion Execution

Ericsson dual-band radio deal (60% modernized), AI tokenomics strategy, AWS Agentic Services for revenue generation, and fiber expansion (1M added in Q2, on track for 40M by end 2026; AZIO AI data center deal) show concrete execution. Rising supply costs and permitting delays from AI buildout add margin risk. FirstNet 5G standalone core launched. Convergence metric at 42.5% dual-play.