AT&T's Igal Elbaz No Longer Speaking at UBS Future of 5G Event on May 17

Rhea-AI Summary

On May 17, 2021, AT&T Inc. (NYSE:T) announced that Igal Elbaz, senior vice president of Engineering and Operations, will not be speaking at the UBS Future of 5G Event due to the proposed combination of WarnerMedia with Discovery, Inc. This development includes AT&T's significant stake in WarnerMedia, which has a wide array of consumer brands such as HBO, CNN, and Warner Bros. AT&T serves over 225 million monthly subscriptions and provides services to both consumers and nearly 3 million business customers.

Positive

• AT&T has a substantial consumer base with over 225 million subscriptions.
• WarnerMedia contributes popular brands like HBO and CNN, enhancing AT&T's media portfolio.

Negative

• Cancellation of Elbaz's speaking engagement may indicate internal adjustments or uncertainties.
• The merger with Discovery could create operational challenges or shifts in strategic focus.

DALLAS, May 17, 2021 /PRNewswire/ -- AT&T Inc.* (NYSE:T) announced today that in light of the announcement earlier today regarding the proposed combination of WarnerMedia with Discovery, Inc., the appearance by Igal Elbaz, AT&T senior vice president, Engineering and Operations, at the UBS Future of 5G Event today, Monday, May 17, 2021 has been canceled.

*About AT&T
AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. Consumers and businesses have more than 225 million monthly subscriptions to our services. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across mobile and broadband. Plus, it serves high-speed, highly secure connectivity and smart solutions to nearly 3 million business customers. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Xandr, now part of WarnerMedia, provides marketers with innovative and relevant advertising solutions for consumers around premium video content and digital advertising through its platform. AT&T Latin America provides pay-TV services across 10 countries and territories in Latin America and the Caribbean and wireless services to consumers and businesses in Mexico.

AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. © 2021 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

 

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SOURCE AT&T Inc.

FAQ

What was announced by AT&T on May 17, 2021?

AT&T announced the cancellation of Igal Elbaz's appearance at the UBS Future of 5G Event due to the proposed merger of WarnerMedia with Discovery.

How does the WarnerMedia and Discovery merger affect AT&T?

The merger could lead to operational changes and strategic shifts within AT&T, affecting its media and entertainment segments.

What are some key brands under WarnerMedia?

WarnerMedia includes brands like HBO, CNN, and Warner Bros., which are significant for AT&T's media strategy.

What is AT&T's stock symbol?

AT&T is listed under the stock symbol 'T' on the NYSE.