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.
AT&T and JBG SMITH have signed a letter of intent to establish National Landing as the first 5G Smart City at scale in the U.S. Initial infrastructure deployments are planned for H1 2022. The collaboration will utilize a combination of mmWave and sub6 5G spectrum to create an integrated urban technology ecosystem. JBG SMITH's portfolio in National Landing includes 6.8 million square feet of office space and significant residential units, alongside $1 billion in development projects. This initiative aims to enhance connectivity and innovation in sectors like AI, IoT, and cloud computing.
DIRECTV, a subsidiary of AT&T, announced a proposed offering of $3.1 billion in Senior Secured Notes due 2027. The funds will be used to pay down intracompany debt owed to AT&T and cover financing expenses related to the anticipated Separation Transaction with TPG VIII Merlin Investment Holdings. If the transaction is not finalized before the Notes' issue date, proceeds will be held in escrow. The offering is intended for qualified institutional buyers only, and the Notes will not be registered under the Securities Act.
AT&T announced advancements in its 5G network, achieving nationwide coverage six months early, reaching over 250 million people and enhancing customer experiences across various sectors. The company is deploying super-fast 5G+ in 38 cities and 20 venues, aiming for more by year-end. AT&T's recent acquisition of C-band spectrum positions it for swift deployment in the competitive landscape. Collaborations with sports teams and educational institutions highlight the innovative applications of its 5G network in enhancing user experiences and enabling new technologies.
AT&T has enhanced its Unlimited Elite plan, offering customers unlimited high-speed data without slowdowns, effective immediately and at no extra cost. The mobile hotspot data allowance has increased by 10GB to 40GB, and video resolution is now upgraded to 4K UHD. These changes aim to improve customer satisfaction as more users connect remotely. The plan also includes built-in AT&T ActiveArmor security features and continues to offer 5G coverage nationwide. Customers will be notified of these benefits automatically, emphasizing AT&T's commitment to providing value without additional hassle.
On July 12, 2021, AT&T announced enhancements to its International Day Pass service, offering unlimited high-speed data, talk, and text when traveling abroad. Customers will now only pay a maximum of $10 for 10 days of service, with an additional 50% off for extra lines. This change aims to help travelers save on wireless costs while enjoying seamless connectivity, as AT&T doesn't limit data speed abroad. The service will automatically activate upon arrival at the international destination, simplifying the process for users.
AT&T and Google Cloud have announced new solutions leveraging AT&T's 5G and Google Cloud's edge computing capabilities. The collaboration aims to enhance business operations across various industries, including retail, healthcare, and manufacturing. Key features include the Multi-access Edge Compute (MEC) solution and AT&T Network Edge capabilities, which promise improved data control, security, and reduced latency. The companies plan to roll out services in major cities, starting with Chicago, and are focused on delivering transformative customer experiences.
AT&T has announced a strategic partnership with Microsoft to migrate its 5G mobile network to the Microsoft cloud, utilizing Azure for Operators. This alliance will enhance AT&T's productivity and cost efficiency while managing its network traffic. Microsoft will acquire AT&T’s carrier-grade Network Cloud technology, enhancing its telecom offerings. The move allows AT&T to reduce engineering costs and innovate rapidly, retaining customer relationships. The companies will not disclose financial terms, but this shift is expected to align with the growing demand for cloud-driven mobile services.
AT&T Inc. (NYSE: T) has declared a quarterly dividend of $0.52 per common share, payable on August 2, 2021, to stockholders of record by July 9, 2021. Additionally, dividends were announced for the company’s perpetual preferred stocks: 5.000% Series A at $312.50 per share and 4.750% Series C at $296.875 per share. The total dividends reflect AT&T's commitment to returning value to shareholders.
AT&T has appointed Luis Ubiñas to its board of directors, effective immediately. Ubiñas, 58, has extensive experience in business and government, having served as a senior partner at McKinsey & Company and as President of the Ford Foundation. He will also bring his expertise from advising various companies and currently serves on the boards of Electronic Arts and Tanger. His election raises the total number of directors on AT&T's board to 13, where he will participate in the Public Policy and Corporate Reputation committee.
FAQ
What is the current stock price of AT&T (T)?
What is the market cap of AT&T (T)?
What is AT&T's primary business?
How significant is AT&T's wireless business?
What are AT&T's recent achievements?
Does AT&T operate outside the United States?
What is AT&T's approach to data security?
What is the outlook for AT&T in 2024?
How does AT&T support its financial growth?
What kind of services does AT&T offer to businesses?
What is AT&T's involvement with DirecTV?
Where can investors find more information about AT&T?
