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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 is enhancing its private cellular network capabilities with the AT&T Private 5G Edge, designed for businesses, universities, and public sectors. This new platform integrates 4G/5G networks with edge computing, allowing low-latency services and connectivity beyond private network borders through AT&T's public network. Developed in collaboration with Microsoft, it aims to simplify the deployment of private networks across various industries, including manufacturing and healthcare.
AT&T will release its first-quarter 2022 results before the New York Stock Exchange opens on April 21, 2022. The earnings release will be available at AT&T Investor Relations. A conference call to discuss the results is scheduled for 8:30 a.m. ET on the same day. AT&T is a global leader in telecommunications and media, serving over 100 million U.S. consumers with diverse communication and entertainment experiences.
The U.S. Department of Homeland Security's FEMA awarded AT&T four contracts valued at over $167 million to modernize its communications capabilities over five years. These contracts, under the General Services Administration's EIS contract, position AT&T as FEMA's primary communications provider. This partnership aims to enhance voice and data systems, wireless LAN capabilities, and contact center modernization. AT&T's efforts include transitioning FEMA's legacy technologies to modern solutions, crucial for effective disaster response.
AT&T announced the pre-order availability of the Samsung Galaxy S22 series from Feb. 9, with in-store availability starting Feb. 25. Customers can trade in any eligible device for up to $800 off the Galaxy S22 models, potentially making the base model free. Business customers can purchase the Galaxy S22 Ultra for as low as $199.99 with a two-year agreement. The devices feature 5G connectivity and enhanced camera capabilities. Customers can also enjoy 50% off select accessories with smartphone purchases.
AT&T and Digi International have partnered to offer smart traffic management solutions through NASPO contracts. The collaboration enables municipalities to efficiently upgrade aging traffic systems with minimal disruption. Key features include adaptive control, congestion detection, connected vehicles, and reliable backhaul communication. This integrated approach promises improved public safety and traffic flow while reducing maintenance costs. The solution has achieved a reliability rate of 99% in major cities like New York, positioning it as a viable choice for municipalities across the U.S.
AT&T is launching a new initiative to provide free home internet service for eligible households, leveraging the Affordable Connectivity Program (ACP). The Access from AT&T program now offers plans with speeds of up to 100 Mbps for only $30 per month, significantly increasing the previous maximum speed of 10 Mbps. Customers eligible for the ACP can receive internet services at no monthly charge, with additional options available for those on Tribal lands. The initiative aims to bridge the digital divide and enhance internet accessibility for low-income households.
AT&T has successfully completed its first milestone in demonstrating its 5G capabilities for the Department of Defense at Naval Base Coronado, achieving data speeds over 4 Gbps and latency under 10 ms. This demonstration marks a crucial step in the development of a 5G-enabled Smart Warehouse, aimed to enhance Navy logistics operations. The project was part of a $600 million DOD initiative to advance 5G technologies at military sites, with AT&T selected for two key locations. The next phase involves deploying 5G across a 120,000 sq. ft. warehouse for IoT and autonomous systems integration.
AT&T reported fourth-quarter revenues of $41.0 billion, a decrease of 10.4% year-over-year. The reported EPS was $0.69, recovering from a loss of ($1.95) in the previous year. Adjusted EPS was $0.78, slightly up from $0.75. Full-year revenues totaled $168.9 billion, down from $171.8 billion in 2020. However, free cash flow increased to $8.7 billion in Q4, contributing to a total of $26.8 billion for the year. The company added over 1 million fiber subscribers for the fourth consecutive year, indicating strong growth in its core communication services.
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