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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 Inc. (NYSE:T) CFO Pascal Desroches provided updates on the company's wireless business at the Morgan Stanley European Technology, Media & Telecom Conference. He highlighted sustainable growth in wireless service revenue and EBITDA, expecting Q4 EBITDA to exceed Q3. Improved customer experience has reduced churn. Desroches anticipates stabilization in postpaid phone ARPU in 2022, driven by higher-ARPU plan adoption. He expressed confidence in HBO Max's growth, especially in international markets, and confirmed the pending WarnerMedia transaction is expected to close by mid-2022, with an annual dividend payout ratio of 40% to 43% on projected free cash flows.
AT&T has introduced a new managed cybersecurity solution aimed at U.S. federal agencies to modernize and secure their IT infrastructure in line with TIC 3.0 guidance. The AT&T Government Trusted Internet integrates SD-WAN technology, security measures, and fiber connectivity into a 24/7 managed service. This initiative addresses the increased cyber risks associated with the rise of mobile and cloud technologies and aims to enhance remote access and security for federal employees. The solution is immediately available and promotes a Zero Trust security framework.
The REVOLT Summit x AT&T returned to Atlanta from November 11-13, 2021, celebrating Black culture and empowering young leaders. Featuring performances by notable artists including Chance The Rapper and Lil Yachty, the event comprised educational panels and networking opportunities for the community. Attendees participated in mentorship sessions and competitions aimed at fostering innovation. The Summit culminated in an official proclamation for 'REVOLT TV & Media Day' in Atlanta, highlighting its cultural significance and the partnership's commitment to advancing the Black community.
AT&T will present a webcast featuring Pascal Desroches, Chief Financial Officer, at the Morgan Stanley European Technology, Media & Telecom Conference on November 17, 2021, at 9:30 a.m. ET. The presentation will be virtual and available for live viewing and replay on the AT&T Investor Relations website. This event highlights AT&T's strategic focus within the telecommunications and media sectors, providing insights into their operations and future directions.
AT&T has expanded its global managed Secure Access Service Edge (SASE) portfolio, introducing a new offering, AT&T SASE with Cisco. This solution integrates SD-WAN technology and security features to enhance cloud-based application utilization. It aims to meet evolving business connectivity demands, amid increased remote work and complex security needs. Available immediately, this service offers optimized network performance and centralized management for organizations, particularly in sensitive sectors like healthcare, by ensuring secure data access.
Xandr, AT&T's advanced advertising company, has launched a new deals platform within Xandr Monetize, aimed at empowering publishers with enhanced management of direct deal engagements. The platform focuses on driving high-value transactions and offers features like granular targeting, automated workflows, and rich deal monitoring. With the programmatic market evolving, Xandr's solution is positioned to help publishers leverage first-party data amidst upcoming identity changes. Early adopters include The New York Times and WebMD.
Xandr, a subsidiary of AT&T, has expanded its collaboration with Rakuten Advertising to enhance inventory access. This partnership enables Xandr to offer premium inventory from Rakuten's portfolio across CTV, digital video, and mobile platforms. The new agreement includes promotional support from Xandr’s Global Supply Evangelism Team and access to Rakuten Viki and Rakuten Viber for buyers in APAC and LATAM regions.
This strategic partnership aims to optimize advertising revenue for both companies while prioritizing transparency in the advertising ecosystem.
The U.S. Agency for International Development (USAID) has awarded AT&T a $182 million Task Order for 10 years to enhance its connectivity needs. This agreement, part of the GSA's Enterprise Infrastructure Solutions (EIS) contract, will support both domestic and international services, consolidating USAID's networks onto AT&T's global IP voice network. The transition to this network is set to be complete by early 2023, allowing USAID to access advanced capabilities, including cybersecurity and mobile data solutions. This collaboration aims to bolster USAID's humanitarian and development efforts globally.
AT&T and H2O.ai have launched an AI Feature Store designed to streamline data management for AI model development. This store is already operational at AT&T, handling over 465 petabytes of data daily, and is now available for other organizations. The H2O AI Feature Store enhances feature engineering efficiency, reducing the time required to build and deploy features significantly. With features like Automatic Feature Recommendations, it supports various sectors, including finance and healthcare, aiming to transform data into actionable insights quickly.
AT&T announced a significant milestone as FirstNet, a dedicated public safety network, surpassed 2.8 million connections across 18,500 agencies. This growth positions FirstNet as a market leader among law enforcement, with notable agencies like the San Francisco Sheriff's Department joining. The network's advancements include a successful deployment of over 650 solutions this year and a completion of 95% of its nationwide Band 14 coverage target ahead of schedule. New solutions like the Locate Standard and NumberSync for Samsung wearables aim to enhance operational efficiency.
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