Welcome to our dedicated page for AT&T news (Ticker: T), a resource for investors and traders seeking the latest updates and insights on AT&T stock.
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.
Xandr, the advanced advertising company under AT&T, has announced the appointment of Masatsune Shironishi as Managing Director for Japan and Nicole Prior as Managing Director for Australia and New Zealand. Masatsune's appointment is effective immediately, while Nicole's begins on November 1. The new leadership aims to capitalize on the growing advertiser demand for premium, privacy-safe environments and enhance Xandr's presence in digital video and connected TV. Xandr has reported a 76% year-over-year increase in international platform spending in Q2 2021.
AT&T has entered a strategic agreement with OneWeb to enhance connectivity for its business customers in remote areas using satellite technology. This partnership aims to complement AT&T's existing fiber network, which currently serves over 2.5 million U.S. business locations. OneWeb's satellite network is expected to achieve global coverage with a total of 648 satellites by late 2022, expanding service to regions such as Alaska. This collaboration is designed to meet the high-speed, low-latency connectivity needs of enterprises and hard-to-reach cell towers as the nation recovers from COVID-19.
AT&T will host a webcast featuring Pascal Desroches, CFO, at the Bank of America Media, Communications & Entertainment Conference on September 14, 2021, starting at 10:20 a.m. ET. The event will be streamed live and available for replay on the AT&T Investor Relations website. AT&T is a major player in telecommunications and media, serving over 100 million consumers in the U.S. and nearly 3 million businesses globally, and is known for its extensive entertainment offerings.
AT&T has announced a goal to help businesses reduce a gigaton of greenhouse gas emissions by 2035, equivalent to 1 billion metric tons. This initiative represents 15% of U.S. GHG emissions and aims to foster sustainability through partnerships with companies like Microsoft and Duke Energy. Between 2018 and 2020, AT&T's connectivity solutions helped cut over 72 million metric tons of CO2e in various sectors. The Connected Climate Initiative will further develop broadband-enabled climate solutions, supporting the transition to a net-zero economy.
AT&T has secured a significant agreement with the U.S. Department of State to deliver telecommunications solutions for over 270 diplomatic posts worldwide, with a potential value of $609 million over five years. The scope of services includes voice, data, mobile network connectivity, and cybersecurity protections, aimed at modernizing the State Department's communication operations. This contract signals AT&T's ongoing role as a trusted provider, facilitating efficient and reliable connectivity for U.S. diplomacy. The transition is set to enhance operational efficiency and reduce costs for the State Department.
General Motors and AT&T announced a partnership to integrate 5G cellular connectivity into GM vehicles over the next decade. This collaboration aims to enhance in-vehicle experiences with features like improved navigation, faster downloads, and secure software updates. The rollout will begin with select model year 2024 vehicles, while existing 4G LTE vehicles will also benefit from upgrades. This initiative aligns with GM's strategy for an all-electric and autonomous future, leveraging AT&T's extensive 5G network to set a new standard for automotive connectivity.
On August 17, 2021, the University of Tennessee, Knoxville (UT) and AT&T announced a partnership to enhance research capabilities using AT&T's 5G+ technology and Multi-Access Edge Computing (MEC) on the UT campus. This collaboration aims to transform several sectors, including education, healthcare, and defense, by providing ultra-fast connectivity and innovations in digital learning. The testbed installation for the 5G+ network is expected to be complete by Fall 2021, enabling immersive learning experiences and advanced research initiatives.
On August 16, 2021, AT&T announced significant expansions for FirstNet, the dedicated network for first responders. Key highlights include the rollout of 5G connectivity in 10 new cities, enhancing public safety communications. Additionally, AT&T introduced MegaRange technology, improving connectivity during emergencies, and launched nationwide interoperability with AT&T ESInet to bolster emergency response capabilities. First responders benefit from priority voice communications and enhanced data routing, with 5G access provided at no extra charge for subscribers. The network now covers 2.71 million square miles, aiming to extend 5G services to over 40 cities by the end of 2021.
AT&T Inc. (NYSE:T) recently updated shareholders at the Oppenheimer Technology Conference. CFO Pascal Desroches highlighted the company's positive momentum in 5G, fiber, and HBO Max, projecting gross capital investments around $22 billion for 2021. Service revenue growth is forecasted at 3%, with ongoing competitive challenges in the wireless sector. AT&T is simplifying its portfolio, completing the DIRECTV transaction, and preparing for the WarnerMedia-Discovery merger. Supply chain disruptions are affecting fiber deployment, but financial guidance remains intact.
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