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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) announced a quarterly dividend of $0.52 per share on its common shares, payable on November 1, 2021, to stockholders of record as of October 11, 2021.
Additionally, quarterly dividends were declared for the company’s 5.000% Perpetual Preferred Stock, Series A at $312.50 per preferred share, and Series C at $296.875 per preferred share.
John Stankey, CEO of AT&T (NYSE:T), gave a shareholder update at the Goldman Sachs Communacopia Conference. He highlighted the successful restructuring of the company’s assets, focusing on AT&T Communications and WarnerMedia. Stankey expressed optimism about momentum in strategic areas such as 5G, fiber, and HBO Max subscribers. The company continues to face challenges from supply chain disruptions but remains on track to hit 30 million fiber locations by 2025. Stankey anticipates closing the WarnerMedia-Discovery deal by mid-2022.
AT&T Inc. (NYSE:T) will announce its third-quarter 2021 results before 7 a.m. ET on
A live webcast and replay of the call will also be available on the same platform. AT&T is a global leader in telecommunications, media, and technology, providing extensive services to consumers and businesses across various regions.
Electronic Arts has successfully acquired Playdemic from Warner Bros. Games for $1.4 billion in cash. This acquisition forms part of EA's strategy to enhance its mobile gaming portfolio, notably with Playdemic's popular game, Golf Clash, which has over 80 million downloads. The deal aims to strengthen EA's presence in the mobile gaming sector and leverage Playdemic's expertise to create innovative games for a vast player base.
Overland-Tandberg collaborates with AT&T to support the launch of Connected Learning Centers in over 20 locations, aiming to bridge the digital divide for underserved communities. The first center opens on September 16 in Dallas, providing access to free high-speed internet, educational content, and mentoring. Dell contributes computers and monitors, while Overland-Tandberg ensures the technical setup. This initiative is part of AT&T's $2 billion commitment to enhance broadband accessibility and support digital literacy.
AT&T and the Naval Postgraduate School (NPS) have signed a three-year Collaborative Research and Development Agreement (CRADA) to explore 5G and edge computing solutions for maritime applications. This partnership aims to enhance national defense and industry operations, focusing on unmanned vehicles and data analytics. Initial experiments will be carried out at NPS's Sea Land Air Military Research program in California, with the first 5G nodes expected to be operational by early 2022. These advancements could significantly impact military efficiency by improving situational awareness and logistics.
AT&T Inc. (NYSE: T) will host a webcast featuring CEO John Stankey at the Goldman Sachs Communacopia Conference on September 21, 2021, starting at 10:30 a.m. ET. The event will be available for live viewing and replay on the AT&T Investor Relations website. AT&T is a global leader in telecommunications, serving over 100 million consumers and nearly 3 million business customers with entertainment and connectivity solutions. The company also operates WarnerMedia, providing popular content across various platforms.
AT&T announced the launch of an exceptional lineup of devices, including the iPhone 13 series and new iPads, available for pre-order on September 17 and in stores starting September 24. The iPhone 13 Pro and Pro Max feature a cutting-edge camera system and the A15 Bionic chip, enhancing performance and battery life. AT&T also promotes the best 5G network, with extensive coverage for the new devices. Customers can access attractive deals, with some iPhones available for $0 with eligible trade-ins, reinforcing AT&T's commitment to customer satisfaction and connectivity.
Pascal Desroches, CFO of AT&T (NYSE:T), provided a shareholder update at the Bank of America Media Conference. He confirmed the company's focus on 5G, fiber, and HBO Max, emphasizing improvements in wireless quality and subscriber growth. AT&T aims to pass 2.5 million additional customer locations this year despite supply chain issues. HBO Max demand remains strong, with international expansion planned. The upcoming WarnerMedia-Discovery merger is anticipated to close mid-2022, with projected revenues and dividends potentially rising by 2023.
Xandr, AT&T's advanced advertising company, announced key executive appointments to accelerate growth in Asia Pacific. Masatsune Shironishi becomes Managing Director for Japan effective immediately, while Nicole Prior will take on the same role for Australia and New Zealand starting November 1. These appointments reflect efforts to enhance local strategies in the growing digital video and connected TV sectors. Xandr reported a significant 76% year-over-year increase in total international platform spend in Q2 2021.
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