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.
During the Bank of America C-Suite TMT Conference, Jeff McElfresh, COO of AT&T (NYSE:T), provided insights to shareholders about the company's growth strategy. The focus remains on expanding 5G and fiber services, with growing customer relationships despite anticipated market challenges in 2022. McElfresh highlighted expectations for improving postpaid phone ARPU and profitability trends, driven by selective investments. The fiber build aims for over 30 million locations by 2025. However, government sector demand recovery remains a concern.
AT&T will release its second-quarter 2022 results on July 21, 2022, before the market opens. A conference call to discuss these results is scheduled for 8:30 a.m. ET on the same day. Investors can access the earnings release and related materials through the AT&T Investor Relations website. This quarterly report is crucial for assessing the company's performance, especially in light of its extensive 5G and multi-gig internet offerings, which are central to its strategy moving forward.
AT&T will host a virtual fireside chat featuring Jeff McElfresh, COO, at the Bank of America C-Suite TMT Conference on Thursday, June 23, 2022, starting at 9:50 a.m. ET. The session will be accessible live and on-demand at AT&T Investor Relations. With over 100 million connections across the U.S., AT&T continues to innovate in telecommunications, offering advanced 5G wireless and multi-gig internet services.
AT&T Inc. (NYSE:T) CFO Pascal Desroches provided a shareholder update at the Credit Suisse Annual Communications Conference, emphasizing the company's disciplined growth. Key highlights include continued customer growth in 5G and fiber, expected improvements in postpaid phone ARPU, and gradual mobility EBITDA growth despite second-quarter impacts. AT&T aims for over 30 million fiber locations by 2025, while also supporting affordable broadband access. Desroches reassured shareholders about financial flexibility and a goal of a net debt-to-adjusted EBITDA ratio of 2.5x by 2023.
AT&T will host a virtual fireside chat featuring Pascal Desroches, CFO, at the Credit Suisse Annual Communications Conference on June 14, 2022. The chat is set to start at 8:45 a.m. ET and will be available for live viewing and replay on the AT&T Investor Relations website. This event underscores AT&T's commitment to connecting over 100 million U.S. customers through innovative technology, including 5G and multi-gig internet.
John Stankey, CEO of AT&T, updated shareholders at the J.P. Morgan Global Technology, Media & Communications Conference. He emphasized the company's disciplined growth strategy, noting strong customer acquisition in wireless and fiber services. While mobile demand remains robust, it is not expected to match 2021 levels. The fiber build is progressing well, supported by competitive pricing. AT&T is also active in the Affordable Connectivity Program to bridge the digital divide with a $2 billion commitment. The company is managing inflationary pressures with targeted price adjustments and aims for $1 billion in cost reductions this year.
AT&T Inc. (NYSE: T) has announced the expiration of its cash tender offers for two series of Notes, increasing the Maximum Purchase Consideration for the Higher Coupon Offers from $5.0 billion to $5.5 billion and for the Discount Offers from $3.0 billion to $3.2 billion. A total of $14.72 billion in Higher Coupon Notes and $11.61 billion in Discount Notes were validly tendered. AT&T plans to accept $4.79 billion and $3.97 billion of these notes, respectively. The settlement date is scheduled for May 26, 2022.
AT&T Inc. (NYSE: T) has announced its tender offers to purchase up to $5 billion in higher coupon notes and $3 billion in discount notes. This includes 54 series of higher coupon notes and 9 series of discount notes. The offers are subject to terms outlined in the Offers to Purchase dated May 16, 2022. Interested holders must tender their notes by 5:00 p.m. NYC time on May 20, 2022, to receive cash payment on the expected settlement date of May 26, 2022. The offers aim to optimize AT&T's capital structure.
AT&T Inc. (NYSE:T) conducted its annual stockholders' meeting, where all 10 board nominees were reelected with over 90.5% approval. Stockholders approved Ernst & Young LLP as independent auditor with 95.1% votes. Additionally, executive compensation was endorsed by 90.4% of votes. However, four shareholder proposals, including changes to the executive compensation program and an independent board chair, were rejected, with opposition ranging from 55.9% to 96.0%. Final voting results will be filed with the SEC and available on AT&T's Investor Relations website.
AT&T, Microsoft, and Welbilt are collaborating to transform restaurant operations by digitizing kitchen management. Their joint effort focuses on leveraging AT&T's IoT networks and Microsoft's Azure Sphere technology to improve efficiency, reduce costs, and enhance food quality in commercial kitchens. The KitchenConnect platform allows restaurant owners to monitor equipment, ensure food safety, and save significantly on maintenance and operational costs. This initiative is aimed at driving digital transformation within the foodservice industry, particularly amidst ongoing labor challenges and rising 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?
