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 (NYSE:T) will participate in a fireside chat at the Bank of America Media, Communications and Entertainment Conference on September 7, 2022, at 11 a.m. ET. The discussion will feature Pascal Desroches, AT&T's Chief Financial Officer. Investors can access the live webcast and replay through the AT&T Investor Relations website. This event highlights AT&T's commitment to investor engagement as it continues to innovate in the telecommunications sector.
AT&T is expanding its fiber internet service to the Mesa, Arizona area, aiming to provide high-speed broadband to over 100,000 homes by 2023. The company plans to offer speeds of up to 5 Gbps, enhancing connectivity for education, jobs, and healthcare. The investment aligns with AT&T's strategy to lead in fiber deployment and capitalize on its relationship with fiber supplier Corning, which is establishing a new cable manufacturing facility nearby. This expansion is part of AT&T's broader goal to enhance fiber accessibility nationwide.
AT&T Fleet Complete has launched the FC Insights Solution Suite, a comprehensive suite for fleet management that leverages AI-powered video telematics and automated ELD tools. This IoT platform, designed for commercial fleet operations, offers web and mobile applications for real-time monitoring. Key features include the FC Hub for effective fleet management, FC Vision for safety with video telematics, and FC BigRoad ELD for compliance. The solution aims to enhance efficiency and safety across fleet operations, with a user-friendly interface for easy navigation.
AT&T and Warner Bros. Discovery have announced a new agreement allowing AT&T to provide HBO Max to its internet and mobility customers. This collaboration ensures continued access to HBO Max's original programming, enhancing customer retention and service flexibility. The agreement reflects a strategic move for both companies, aligning with AT&T's existing financial guidance. HBO Max, which offers a diverse range of content, continues to expand globally since its launch in May 2020.
AT&T is collaborating with Louisiana to establish a high-speed fiber network, impacting nearly 9,800 homes, businesses, and farms across 13 parishes. The $19 million project awaits a final contract between AT&T and the state. This initiative will include extensive design and engineering work upon agreement execution. Currently, over 420,000 locations in Louisiana have access to AT&T Fiber, offering up to 5-Gig symmetrical speeds. This effort is part of AT&T's commitment to bridging the digital divide and enhancing connectivity for residents and businesses in Louisiana.
AT&T Inc. (NYSE: T) reported strong second-quarter results, achieving over 800,000 postpaid phone net adds, the best in a decade. The company also gained over 300,000 AT&T Fiber net adds, totaling nearly 2.3 million in two years. Revenues stood at $29.6 billion, with a diluted EPS of $0.59. Adjusted EPS was $0.65, reflecting a year-over-year revenue decline of 17.1% due to divestitures. AT&T raised its Mobility service revenue guidance to 4.5-5% but reduced full-year free cash flow guidance to approximately $14 billion due to heavy investments. Cash from operations was $7.7 billion, with a net debt of $131.9 billion.
AT&T is partnering with the state of Indiana to expand its fiber network to nearly 6,100 homes, businesses, and farms across nine counties, backed by a $13 million investment. The project awaits finalization of a contract with the state. This initiative aims to close the digital divide and enhance broadband access in areas lacking high-speed internet. With an extensive fiber-optic deployment, AT&T plans to improve connectivity and offers internet speeds up to 5 Gbps. Indiana officials praise the collaboration for aiding local families and businesses.
AT&T Inc. (NYSE:T) announced a quarterly dividend of $0.2775 per share on common shares. Additionally, dividends were declared for preferred stocks: $312.50 for Series A and $296.875 for Series C. These dividends are payable on August 1, 2022, to stockholders of record as of July 11, 2022. This move reflects AT&T's commitment to returning value to shareholders amidst ongoing business developments.
Amarillo, Texas, has announced a $24M partnership with AT&T to expand fiber broadband access to over 22,000 locations in the city. This initiative aims to close the digital divide, enhancing internet availability for homes, businesses, and government agencies. The project is contingent upon city funding approval and a final contract. AT&T, the nation's largest fiber internet provider, has a long-standing presence in Texas and aims to deliver high-speed connections, with potential speeds of up to 5 Gbps.
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