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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 and Cricket Wireless have initiated enrollment for the Affordable Connectivity Program (ACP), designed to enhance broadband affordability for eligible users. This new $14 billion federal initiative replaces the Emergency Broadband Benefit (EBB) program and aims to bridge the digital divide. The ACP offers up to $30 per month for qualifying households and maintains a $75 benefit for households on Tribal lands. The program's eligibility criteria have expanded, allowing households on WIC benefits or those earning below 200% of federal poverty levels to qualify. Enrollment for the EBB has ended, but current beneficiaries will maintain their benefits until March 1.
DALLAS--(BUSINESS WIRE)--AT&T (NYSE:T) provided a fourth-quarter update at Citi’s AppsEconomy Conference. The company reported 1.3 million total postpaid net adds for Q4 2021, driven by 880,000 postpaid phone additions. For the full year, postpaid phone net adds reached 3.2 million, the highest in over a decade. Additionally, AT&T added 270,000 fiber subscribers in Q4 and achieved 1 million annual fiber net adds for the fourth consecutive year. The company ended the year with 73.8 million HBO Max and HBO subscribers, surpassing projections.
AT&T, in collaboration with NVIDIA, announces an exclusive 5G Technical Innovation partnership for GeForce NOW, enhancing mobile gaming experiences. New and existing AT&T 5G customers can enjoy a complimentary 6-month GeForce NOW Priority Membership, enabling access to nearly 100 free-to-play titles and PC games. The collaboration emphasizes AT&T's 5G network capabilities, promising low lag, fast speeds, and seamless streaming. With ongoing investments in 5G, AT&T aims to evolve gaming performance, ensuring a robust gaming experience for users.
AT&T has partnered with Smart Meter to enhance health outcomes for patients with chronic conditions such as diabetes and hypertension. The collaboration will utilize cellular remote patient monitoring (RPM) devices, including the iGlucose and iBloodPressure solutions, leveraging AT&T's reliable IoT network. Studies indicate significant health improvements for patients utilizing these devices. Simplifying RPM aids in patient adoption, while healthcare providers gain timely access to patient data, enhancing overall healthcare efficiency and quality.
AT&T and Cricket Wireless will join the new federal Affordable Connectivity Program (ACP), providing eligible households with a monthly benefit of up to $30 and $75 on Tribal lands for affordable broadband. Starting December 31, 2021, the ACP replaces the Emergency Broadband Benefit, targeting the digital divide impacting about 30% of American households. Customers can check eligibility and enroll through acpbenefit.org. Existing Emergency Broadband Benefit users will continue through March 1.
AT&T (NYSE:T) will host a keynote address by Pascal Desroches, CFO, during Citi's AppsEconomy Conference on January 5, 2022, at 10 a.m. ET. This event will be webcasted live and can also be accessed for replay via AT&T Investor Relations. Attendees are advised to log in a few minutes early. AT&T is a global leader in telecommunications and media, serving over 100 million U.S. consumers.
AT&T will release its fourth-quarter 2021 results before the NYSE opens on January 26, 2022. A conference call is scheduled for 8:30 a.m. ET to discuss these results. Investors can access the earnings release and related materials through AT&T Investor Relations. The company serves over 100 million consumers in the U.S. and provides services to nearly 3 million business customers. WarnerMedia, a part of AT&T, is known for brands like HBO and CNN.
AT&T has announced the sale of its global programmatic advertising marketplace, Xandr, to Microsoft. This strategic transaction builds on a decade-long partnership aimed at enhancing digital media solutions. The acquisition will combine Microsoft’s audience intelligence with Xandr’s technology to shape the future digital ad marketplace, emphasizing consumer privacy and advertisers' goals. The deal is subject to regulatory review and does not include DirecTV's advertising sales business.
The board of directors of AT&T has declared a quarterly dividend of $0.52 per share on its common shares, payable on February 1, 2022, to shareholders on record as of January 10, 2022. Additionally, dividends for the 5.000% Perpetual Preferred Stock, Series A ($312.50 per share) and the 4.750% Perpetual Preferred Stock, Series C ($296.875 per share) were also announced. This decision reflects the company's ongoing commitment to returning value to its shareholders through consistent dividend payments.
Sinclair Sports Group (NASDAQ: SBGI) and AT&T (NYSE: T) have announced a new collaboration aimed at enhancing digital content and fan engagement for the 2021-22 NBA season. Central to this partnership is NBA Insider Shams Charania, who will lead informative updates and sponsored segments. The collaboration launched with successful broadcasts, including a draft special that saw a 25% viewership increase compared to the prior year. This initiative intends to deepen audience engagement through innovative digital and social interactions.
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