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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 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.
AT&T has partnered with GE Research to enhance healthcare, aviation, and green energy through the integration of 5G connectivity at GE's Niskayuna facility. This collaboration allows GE to utilize both low-band and high-band 5G networks, advancing precision healthcare and improving patient outcomes. The testbed aims to innovate real-world solutions in medical monitoring and asset management, promising transformative impacts on patient care. Additionally, this deployment expands AT&T's 5G footprint in the community, enhancing wireless access for local residents.
Xandr, AT&T's advanced advertising company, has announced investments to enhance its identity offerings. Key integrations include LiveRamp, netID, and Unified ID 2.0, aiming to balance advertising needs and consumer privacy. Xandr launches end-to-end support for RampID, aiding publishers in monetization and agencies in targeting. The company emphasizes first-party data and plans to roll out a Publisher ID suite in 2022. They also highlight advancements in contextual advertising solutions and collaboration on Unified ID 2.0 for broader industry readiness.
Ford and AT&T are enhancing the Rouge Electric Vehicle Center in Dearborn, Michigan, with advanced 5G cellular connectivity to support the production of the all-electric Ford F-150 Lightning. This collaboration aims to utilize AT&T's 5G technology, improving manufacturing efficiency and safety. The F-150 Lightning boasts a targeted range of 300 miles, and the enhancements will enable features like faster wireless vehicle updates and better automation. Ford has also announced a $250 million investment to create 450 new jobs at the facility, emphasizing sustainable production practices.
AT&T has announced the launch of advanced security capabilities specifically designed for 5G network deployments. The first offering is a next-generation managed firewall service aimed at enhancing security for IoT, OT, and IT use cases. This initiative aims to address the growing need for secure environments in 5G-enabled enterprises, especially as the attack surface expands with increased connectivity. The service is now available, providing businesses with 24/7 management and monitoring to mitigate cybersecurity threats and promote safe innovation.
AT&T reported third-quarter revenues of $39.9 billion, down 5.7% year-over-year, impacted by the separation of the U.S. Video business. However, diluted EPS rose to $0.82 from $0.39 the previous year. Operating income was $7.1 billion, influenced by reduced depreciation costs. Key highlights included 928,000 postpaid phone net adds and a rise in HBO Max subscribers to 69.4 million. The company expects full-year adjusted EPS growth at the high end of the low- to mid-single digits and aims for $26 billion in free cash flow.
AT&T is launching Notecard™, a solution designed to enhance the deployment of Internet of Things (IoT) devices globally. Developed by Blues Wireless, Notecard allows easy cloud connectivity with carrier-grade security using just two lines of code. By leveraging AT&T's LTE-M and NB-IoT networks, it aims to simplify IoT integration for various industries, contributing to a projected 40 billion connected devices by 2025 according to IDC. This solution reduces operational complexity and costs, potentially unlocking new revenue streams for manufacturers.
AT&T has launched a new Managed Extended Detection and Response (XDR) solution, designed to enhance cybersecurity for organizations. This cloud-based platform offers features like automated malware prevention, threat detection, and recovery, all backed by 24/7 monitoring. The solution addresses the increasing complexities of cyber threats while improving operational efficiency for security teams. Immediate availability allows clients to integrate advanced security measures swiftly, leveraging AT&T's award-winning Unified Security Management platform and machine learning capabilities.
On October 11, 2021, AT&T announced its recent achievement of winning two J.D. Power awards for business customer satisfaction. They secured the top position in the J.D. Power 2021 Business Wireless Satisfaction Study for large enterprises and medium businesses, following their earlier win in the Business Wireline Satisfaction Study. The awards reflect AT&T's commitment to enhancing customer support through significant operational transformations, including a 20% decrease in cycle time and increased on-time installation rates. Nearly 3 million businesses rely on AT&T for their connectivity needs.
On October 6, 2021, AT&T announced a strategic partnership with Frontier Communications to enhance fiber-optic connectivity for large enterprises. This collaboration aims to support AT&T's 5G mobility network and provide high-speed, low-latency connections in areas where AT&T lacks a fiber network. AT&T plans to expand its fiber infrastructure to reach 30 million locations by the end of 2025, while Frontier aims to provide fiber access to 10 million locations in the same timeframe. This agreement will allow AT&T to utilize Frontier's growing fiber network across 25 states.
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