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 will host a webcast of a keynote address by CEO John Stankey at the J.P. Morgan Global Technology, Media & Communications Conference on May 23, 2022. The event begins at 8:00 a.m. ET in Boston. Interested viewers can access the live stream and replay through AT&T Investor Relations. This conference aims to showcase AT&T's ongoing innovations in communications and technology. The company connects over 100 million people in the U.S., enhancing lives through advanced 5G wireless and internet services.
AT&T announced cash tender offers for up to $5 billion of its outstanding notes under the "Higher Coupon Offers" and $3 billion under the "Discount Offers." The offers aim to purchase various series of notes, with specific conditions and dates outlined in the Offers to Purchase. The acceptance priority levels for the notes are detailed, and the offers will expire on May 20, 2022. Holders may withdraw their tendered notes until this date. Settlement for accepted notes is expected by May 26, 2022. The total consideration will include accrued coupon payments.
Boonville, Indiana has announced a $4.4 million project with AT&T to deploy a fiber network servicing over 4,000 locations. This initiative aims to enhance connectivity, providing speeds of up to 5 Gbps. The project, which is expected to be completed in 18 months, is contingent on funding approval from the city and a final contract with AT&T. Mayor Charlie Wyatt emphasized the importance of reliable internet access for residents. AT&T's extensive experience in Indiana positions it well to improve digital accessibility.
AT&T has launched the first nationwide location-based routing for 9-1-1 calls, enhancing emergency response efficiency. This system accurately determines a caller's location using GPS, reducing error margins to 50 meters, a significant improvement over the previous 10-mile radius method. The rollout is active in multiple states, with full implementation expected by June. Approximately 80% of 9-1-1 calls are now made from mobile devices. This initiative aims to provide faster, more reliable emergency services, showcasing AT&T's commitment to public safety and innovative communication solutions.
AT&T is supporting small businesses during National Small Business Week (May 1-7, 2022) with new offers including free credit card processing on up to $10K in sales from Square for customers of AT&T Business Fiber or Wireless Broadband. The initiative includes a sweepstakes with a grand prize of $10,000. Additionally, AT&T continues its Smart Advice for Small Business webinar series, featuring entrepreneur Barbara Corcoran. This effort aims to enhance the success of over 2 million small business customers.
Los Angeles Unified School District and AT&T are providing free high-speed broadband to students' homes through the FCC's Emergency Connectivity Fund until June 2023. This initiative, part of Superintendent Alberto M. Carvalho's 100-Day Plan, addresses the Homework Gap faced by 19% of households in Los Angeles County lacking reliable internet. Families with enrolled students can sign up for AT&T FIBER services with speeds up to 1 GIG. The program aims to enhance educational access and digital literacy, ensuring students have essential tools for academic success.
AT&T has secured a task order worth $15 million over 11 years from the Defense Information Systems Agency to modernize GuardNet, the Army National Guard's command and control network. The modernization aims to enhance telecommunications services to over 124,000 users across various locations. By improving network capabilities, such as virtual private networking and high-speed secure cloud connectivity, AT&T is positioned to support the Army National Guard's training and mission execution effectively.
AT&T has announced enhancements to its Unlimited Elite plan, which now includes unlimited talk, text, and high-speed data in 19 Latin American countries at no extra cost. The upgrade, effective May 3, 2022, also includes the launch of the new ActiveArmor mobile security app, consolidating existing security features into a single platform. Additionally, customers on the Unlimited Starter plan will receive 3GB of mobile hotspot data at no added cost. These changes aim to improve customer experience in travel and security.
Xandr has launched a standardized data framework in collaboration with leading data providers including 605, Comscore, and VideoAmp. This initiative facilitates the quick evaluation and activation of alternative data currencies for data-driven TV advertising campaigns via its advanced platforms, Invest TV and Monetize TV. The multi-currency marketplace shift aims to streamline audience targeting and improve measurement efficacy, enhancing value for advertisers amid evolving industry demands leading up to the 2022/23 Upfronts.
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