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's FirstNet is enhancing emergency response capabilities by expanding its fleet of deployable network assets for public safety. The initiative introduces over 100+ land-based and airborne portable cell sites, available at no extra cost. Key additions include 3 Communications Vehicles, 4 Micro SatCOLTs for wildfire support, and 10 SatCOLTs for enhanced connectivity. The expansion responds to increased requests from agencies, exceeding 200 this year for events from COVID-19 vaccination to natural disasters. This strategic move aims to further support first responders across the U.S.
AT&T is intensifying its efforts against robocalls, blocking or labeling over a billion calls monthly. This increase is attributed to its advanced spam protection strategy that includes AT&T Call Protect, a dedicated fraud team, and the STIR/SHAKEN call authentication protocol. The company aims to double its previous year’s efforts with the help of these technologies, enhancing call security for both consumer and business lines. AT&T is also collaborating with law enforcement to tackle illegal calls, contributing to significant fines against scammers.
AT&T Inc. (NYSE:T) will release its second-quarter 2021 results on July 22, 2021, before 7 a.m. ET. A conference call discussing these results will follow at 8:30 a.m. ET. The earnings report and related materials will be accessible via AT&T Investor Relations. A live webcast of the conference call will also be available, with a replay for later viewing.
On June 21, 2021, AT&T announced the launch of private 5G testbeds at Texas A&M University's RELLIS Campus, set to open this fall. These testbeds will enable public and private organizations to develop and innovate 5G applications, enhancing areas like defense and commercial sectors. Funded by the Texas Legislature, they will focus on autonomous vehicles, augmented reality, robotics, and cybersecurity. AT&T aims to leverage a $110 billion investment from 2016 to 2020 to drive 5G advancements.
AT&T's CFO, Pascal Desroches, spoke at the Credit Suisse Communications conference, updating shareholders on the company's positive mobility strategy which has reversed previous subscriber losses. AT&T plans to cover 200 million people with its C-band spectrum by the end of 2023, enhancing 5G capabilities. The company aims to double its fiber footprint to 30 million locations by 2025. Desroches anticipates WarnerMedia will benefit from pandemic recovery, maintaining an EBITDA CAGR in the mid-single digits and over $20 billion in annual free cash flow post-WarnerMedia-Discovery transaction.
AT&T has launched a new global managed Secure Access Service Edge (SASE) offering in partnership with Palo Alto Networks. This solution combines SD-WAN, security capabilities, and fiber-based network connectivity, designed to enhance network performance for enterprises and government entities. The SASE system enables secure remote access, optimizing user experience and reducing security risks. AT&T's SASE is immediately available through AT&T Business, providing scalable solutions tailored to organizational needs.
AT&T has been awarded a $725 million contract over 12 years by the U.S. Department of Veterans Affairs to modernize its data communications platform. This advancement aims to support the VA's mission of providing healthcare and benefits to around 18 million veterans and their families. AT&T will enhance the network's speed and capacity, enabling near-real-time access to medical records, which is expected to improve health outcomes. The project is already underway with planning in collaboration with the VA.
AT&T Inc. (NYSE:T) will hold a webcast discussion featuring Pascal Desroches, CFO, at the Credit Suisse Communications Conference on June 15, 2021, at 10:15 a.m. ET. The event will be available live and for replay on the AT&T Investor Relations website. AT&T is a global leader in telecommunications and media, serving over 225 million subscriptions in various sectors, including mobile and broadband for more than 100 million U.S. consumers. The company also provides robust services to nearly 3 million business clients.
Cisco and AT&T have partnered to enhance cloud communications for enterprise clients, particularly in adapting to a hybrid workforce. Over the next five years, they aim to provide up to 1 million users access to the UCMC platform via Webex Calling. This collaboration promises 99.99% uptime, facilitating rapid feature updates. Cisco’s solutions aim to streamline operations for businesses navigating the transition to hybrid work, leveraging AT&T’s robust network capabilities. Both companies emphasize the importance of integrating cloud, collaboration, and security technologies to meet evolving business needs.
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