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.
AT&T Inc. (NYSE:T) has declared a quarterly dividend of $0.2775 per share for its common stock. Additionally, quarterly dividends for its 5.000% Perpetual Preferred Stock, Series A and 4.750% Perpetual Preferred Stock, Series C were announced. The Series A dividend is $312.50 per preferred share, and the Series C dividend is $296.875 per preferred share. All dividends are payable on November 1, 2022, to stockholders of record by October 10, 2022.
AT&T (NYSE:T) will announce its third-quarter 2022 financial results on October 20, 2022, before the NYSE opens. A conference call to discuss the results will follow at 8:30 a.m. ET on the same day. Investors can find earnings reports and related materials on the AT&T Investor Relations website.
With a customer base exceeding 100 million across the U.S., AT&T focuses on delivering innovative 5G wireless and multi-gig internet services to enhance connectivity.
REVOLT, a leading Black-owned multimedia platform, announces a significant increase in global brand presence for the upcoming REVOLT Summit x AT&T, scheduled for September 24-25 in Atlanta, Georgia. This event emphasizes the commitment of corporations to diversity, equity, and inclusion by amplifying Black voices. Key sponsors include AT&T, State Farm, and McDonald's. The summit will feature engaging panels and live entertainment, focusing on Community, Commerce, and Connectivity. CEO Detavio Samuels highlights the growing influence of REVOLT and the importance of partnerships in empowering young Black leaders.
The City of Martinsville, Indiana, and AT&T are partnering to deliver AT&T Fiber to over 5,000 locations within the city, a project valued at $6.3 million. The initiative aims to improve internet access and speed, offering up to 5 Gigs for residents and businesses. Following city council approvals on Sept. 12, planning and engineering will start after the final contract is finalized, with project completion expected in 24 months. This collaboration highlights AT&T's commitment to closing the digital divide and enhancing connectivity in Indiana.
In a recent address at the Goldman Sachs Communicopia + Technology Conference, AT&T CEO John Stankey highlighted the company's disciplined approach to growth and investment. Key takeaways include strong customer additions in 5G and fiber sectors, with AT&T Fiber achieving elevated penetration rates. The company aims for over $4 billion in cost savings by year-end, while continuing significant investments in connectivity. Stankey expressed confidence in the customer demand and operational effectiveness, projecting positive outcomes from recent pricing actions and government support for broadband expansion.
Lockheed Martin and AT&T recently demonstrated a significant advancement in military helicopter data transfer, reducing the time from 30 minutes to under 5 minutes using 5G technology. Conducted on August 4, 2022, the test involved the Sikorsky UH-60M Black Hawk and showcased secure interoperability between AT&T's 5G private cellular network and Lockheed Martin's 5G.MIL pilot network. This innovation aims to enhance aircraft readiness, reduce maintenance costs, and ensure timely data analysis critical to military operations.
AT&T's CFO, Pascal Desroches, updated shareholders at the Bank of America Media, Communications, and Entertainment Conference, emphasizing a disciplined growth strategy. Key highlights include strong customer additions in 5G and fiber, with AT&T able to serve 18 million locations. Postpaid phone churn remains low, and expectations for improved cash conversion in 2023 are strengthened by anticipated growth in service revenue and reduced interest costs. The company projects $14 billion in free cash flow, ensuring financial flexibility to meet its $8 billion dividend commitment even with increased capital investments.
AT&T will host a live webcast of a fireside chat with CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 1 p.m. ET. The event will be accessible via AT&T Investor Relations, offering both live streaming and replay options. This conference highlights AT&T's commitment to driving connectivity and innovation for over 100 million U.S. customers. Interested viewers are encouraged to tune in a few minutes early in case of scheduling changes.
Sean 'Diddy' Combs announced the theme "The Future is Now" for the REVOLT Summit x AT&T, set to take place in Atlanta, GA, on September 24-25, 2022. This immersive two-day event will feature prominent cultural leaders, including Coi Leray and Gucci Mane, with activities such as live viewings of REVOLT's popular programs, interactive panels, and performances. Attendees can participate in the Be Heard Finale, Pitch Competition, and Career Fair, aiming to empower the next generation of cultural influencers. Tickets are available at REVOLTSummit.com.
AT&T announces enhancements to FirstNet, focused on public safety's communication needs. The initiative includes expanding 5G services in 40 cities, providing Cell Booster Pros to first responders at no cost, and boosting 9-1-1 resiliency across Tennessee. AT&T ESInet will now be integrated with FirstNet to ensure reliable 9-1-1 services, routing calls to remote PSAPs during outages. With over 21,800 agencies using FirstNet, this expansion meets the critical connectivity needs of first responders, ultimately protecting nearly 7 million residents in Tennessee.
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