Welcome to our dedicated page for AT&T news (Ticker: T), a resource for investors and traders seeking the latest updates and insights on AT&T stock.
AT&T Inc. (NYSE: T) is a leading American multinational telecommunications holding company headquartered in Whitacre Tower, Downtown Dallas, Texas. As the world’s third-largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S., AT&T has a significant impact on the global communications landscape.
The company’s wireless business generates about two-thirds of its revenue, with AT&T being the third-largest wireless carrier in the U.S., connecting approximately 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which include internet access, private networking, security, voice, and wholesale network capacity, account for about 16% of the company’s revenue.
In addition to its U.S. operations, AT&T has a considerable presence in Mexico, with 22 million customers, contributing 3% to its total revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
For 2024, AT&T continues to push forward with significant investments in 5G and fiber optic networks, contributing to steady subscriber growth in these areas. The company also reported a strong financial performance in the fourth quarter of 2023, with free cash flow reaching $16.8 billion, surpassing its full-year guidance.
AT&T’s strategic efforts to drive profitable growth include enhancing its 5G and fiber networks, focusing on customer satisfaction, and expanding its broadband infrastructure. The company’s transformation initiatives are aimed at supporting margin growth and ensuring sustainable business performance.
In recent news, AT&T reported strong first-quarter results for 2024, highlighted by consistent 5G and fiber customer additions and increased mobility service and broadband revenues. The company also addressed data security concerns related to a data set released on the dark web, ensuring proactive communication with affected customers and offering credit monitoring services where applicable.
Looking ahead, AT&T plans to continue scaling its connectivity services to meet the increasing demand for seamless broadband, thereby driving durable growth for its shareholders. The company’s commitment to innovation and enhancing customer experiences remains central to its business strategy as it navigates the evolving telecommunications industry.
For more information about AT&T Inc. (NYSE:T), please visit about.att.com. Investors can learn more at investors.att.com.
On March 8, 2023, AT&T's COO, Jeff McElfresh, presented at the Morgan Stanley Technology, Media, and Telecom Conference, highlighting the company's focus on strengthening customer relationships and expanding its 5G and fiber networks. He emphasized AT&T's disciplined market approach and improved distribution strategies. Despite current housing market challenges, fiber penetration rates remain stable, with plans to reach over 30 million fiber locations by 2025. The company anticipates peak capital investments in 2022 and 2023, maintaining coverage for over 290 million people with nationwide 5G. AT&T's commitment to growth and investment strategies remains steadfast.
AT&T (NYSE:T) announced a live webcast of a fireside chat featuring COO Jeff McElfresh at the Morgan Stanley Technology, Media, and Telecom Conference on March 8, 2023, starting at 2:00 p.m. ET. This session will provide insights into AT&T’s latest developments and strategic direction. Interested viewers can access the webcast live and for replay on the AT&T Investor Relations page.
With over 100 million consumers relying on its services, AT&T continues to innovate in telecommunications.
On February 27, 2023, AT&T's CFO, Pascal Desroches, provided updates at the Deutsche Bank Media, Internet & Telecom Conference. He highlighted the company's focus on growing customer relationships in 5G and fiber services, noting that wireless demand is tracking in line with recent trends. AT&T aims to reach over 200 million people with mid-band 5G in 2023 and expand its fiber footprint to more than 30 million locations by 2025. Desroches expects free cash flow growth in 2023, supported by rising wireless and fiber revenue, and a proactive cost-reduction strategy aimed at achieving a net debt-to-adjusted EBITDA of 2.5x by early 2025.
AT&T and ServiceNow have launched a new Telecom Network Inventory product aimed at assisting telecom companies in managing their 5G and fiber networks globally. Developed with AT&T's strategic guidance, this platform offers a consolidated view of network inventory, enhancing operational efficiency and customer service.
The product addresses challenges in current network management systems by providing a single platform for better data connectivity and operational agility. AT&T plans to deploy this tool internally soon, while ServiceNow continues its commitment to innovate in the telecom sector.
Deloitte has joined AT&T in a new collaboration aimed at addressing climate change by expanding connectivity solutions. This initiative, part of AT&T's Connected Climate Initiative (CCI), targets reducing global emissions by 1 gigaton by 2035. Deloitte's participation will enhance efforts to provide sustainable business solutions using IoT, 5G, and edge computing. AT&T aims for carbon neutrality by 2035 and collaborates with various organizations to mitigate its environmental impacts. The partnership seeks to assist businesses in simplifying emissions data collection and support suppliers in the energy transition.
AT&T (NYSE:T) will hold a webcast fireside chat featuring Pascal Desroches, CFO, at the Annual Deutsche Bank Media, Internet & Telecom Conference on February 27, 2023, starting at 9:40 a.m. ET. The event will be available live and for later replay on the AT&T Investor Relations website. Investors interested in the company's latest developments should tune in early to accommodate any schedule adjustments.
AT&T serves over 100 million U.S. consumers and nearly 2.5 million businesses, helping connect them to innovative solutions, from 5G wireless to multi-gig internet.
Frontier (NASDAQ: FYBR) and AT&T (NYSE: T) announced a new agreement to enhance wireless infrastructure. This collaboration enables AT&T to deploy its wireless services leveraging Frontier's extensive fiber network, particularly in areas lacking fiber connectivity. The partnership builds on their existing relationship and aims to improve the resiliency and speed of AT&T's wireless offerings, especially for 5G. As the first tenant to utilize Frontier's central offices, AT&T will connect its cell towers to Frontier's fiber-to-the-tower (FTTT) infrastructure. This deal is pivotal for both companies in meeting growing data demands.
AT&T (NYSE: T) reported robust subscriber growth, with 656,000 postpaid phone net adds and 280,000 AT&T Fiber net adds, marking the twelfth consecutive quarter of over 200,000 Fiber net adds. The company achieved a 5.2% increase in domestic wireless service revenues and 7.2% growth in consumer broadband revenues driven by Fiber's substantial rise of over 31%. Despite substantial non-cash charges leading to a reported EPS loss of ($3.20), adjusted EPS improved to $0.61. Looking forward, AT&T anticipates 4%+ wireless revenue growth and a free cash flow of $16 billion+ for 2023.
AT&T (NYSE:T) will announce its fourth-quarter 2022 results on January 25, 2023, before market opening. The earnings release and materials will be accessible through AT&T Investor Relations. A conference call is scheduled for 8:30 a.m. ET on the same day, with a live webcast available on their investor site, including a replay and transcript afterward. AT&T continues to serve over 100 million customers and 2.5 million businesses, enhancing connectivity through innovation in 5G and multi-gig internet.
On January 6, 2023, at CES 2023 in Las Vegas, MedWand Solutions Inc. launched the Urban-Rural Healthcare Alliance, collaborating with AT&T, HP, and Oracle. This initiative aims to enhance healthcare access in underserved areas by merging urban medical centers with rural communities. MedWand's solutions enable remote clinical examinations, addressing staffing shortages and health equity. The recently FDA-cleared MedWand system offers various clinic configurations and real-time monitoring capabilities, improving patient outcomes and reducing healthcare costs.
FAQ
What is the current stock price of AT&T (T)?
What is the market cap of AT&T (T)?
What is AT&T's primary business?
How significant is AT&T's wireless business?
What are AT&T's recent achievements?
Does AT&T operate outside the United States?
What is AT&T's approach to data security?
What is the outlook for AT&T in 2024?
How does AT&T support its financial growth?
What kind of services does AT&T offer to businesses?
What is AT&T's involvement with DirecTV?
Where can investors find more information about AT&T?
