On Tuesday, Verizon also said it was moving away from aggressive promotions even if meant short-term losses.
Consumers can expect to see fewer wireless deals going forward.
Midband spectrum runs on a frequency of 5G that brings wider coverage and higher speeds to more places.
The carrier set a new target to cover 200 million people with midband 5G by the end of 2023.
The venture aims to harness government subsidies to deploy multi-gig fiber in new areas to reach 1.5 million customers.
AT&T’s stock was up a tenth of a percent to $19.18 in after-hours trading.
