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 CFO Pascal Desroches will update shareholders at the Bank of America Media, Communications and Entertainment Conference on September 5, 2024. Key points include:
- AT&T remains on track to meet all consolidated financial guidance
- The company sees healthy customer demand for 5G and fiber connectivity
- AT&T is focusing on growing durable converged relationships with high-quality customers
- Wireless industry trends are healthy but normalizing
- Fiber penetration rates exceed initial business case assumptions
- AT&T's connectivity portfolio now includes 5G, fiber, and fixed wireless access in 204 geographies
- Capital investment for 2024 is expected to be in the $21-22 billion range
- The company aims for $2 billion+ in run-rate cost savings by mid-2026
- AT&T targets a net-debt to adjusted EBITDA ratio of 2.5x by first half of 2025
AT&T (NYSE:T) has announced a webcast featuring a fireside chat with CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference on September 10, 2024. The event is set to begin at 11:10 a.m. ET and will be available for both live viewing and replay on the AT&T Investor Relations website.
This presentation offers investors and interested parties an opportunity to gain insights into AT&T's strategies and outlook directly from its top executive. Viewers are advised to start the webcast a few minutes early to account for any potential schedule changes. This event underscores AT&T's commitment to transparency and engagement with the investment community.
AT&T (NYSE:T) has announced a live webcast featuring Pascal Desroches, the company's chief financial officer, at the Bank of America Media, Communications and Entertainment Conference on September 5, 2024. The fireside chat is set to begin at 8:00 a.m. ET. Investors and interested parties can access the webcast live and view a replay through AT&T's Investor Relations website.
This event provides an opportunity for stakeholders to gain insights into AT&T's financial strategies and industry perspectives. Viewers are advised to start the webcast a few minutes early to account for any potential schedule changes. The webcast's availability for replay ensures that those unable to watch live can still access the information at their convenience.
AT&T (NYSE:T) has announced a webcast fireside chat featuring Jenifer Robertson, president of AT&T Consumer, at Citi's 2024 Global TMT Conference on September 5, 2024. The event is scheduled to begin at 3:50 p.m. ET. Investors and interested parties can access the live webcast and replay through AT&T's Investor Relations website.
This presentation offers an opportunity for stakeholders to gain insights into AT&T's consumer strategy and market position. Viewers are advised to start the webcast a few minutes early to account for any potential schedule changes. The event highlights AT&T's commitment to transparent communication with investors and analysts in the rapidly evolving telecommunications and media technology sectors.
AT&T (NYSE:T) has announced the release date for its third-quarter 2024 financial results. The company will unveil its earnings on Wednesday, October 23, 2024, before the New York Stock Exchange opens. Following the release, AT&T will host a conference call at 8:30 a.m. ET to discuss the results. Investors and interested parties can access the earnings release, related materials, and a live webcast of the call through the AT&T Investor Relations website. A replay of the webcast and transcript will be available after the call. This announcement demonstrates AT&T's commitment to transparency and shareholder communication, providing a clear timeline for investors to anticipate and analyze the company's financial performance.
Oracle has announced the integration of AT&T IoT connectivity and network APIs into its Enterprise Communications Platform (ECP). This collaboration enables Oracle's industry cloud application customers to manage IoT devices on the AT&T network within a single platform. The integration, available across OCI regions in the U.S., offers:
1. IoT edge application management
2. High-performing, reliable connectivity
3. Real-time data intelligence
Notably, FirstNet®, Built with AT&T, and ECP are providing the foundation for Oracle's Public Safety suite, delivering secure communications for critical components like dispatch command centers and near real-time camera feeds for first responders.
Mynd Immersive and the CTA Foundation have launched the Great American Elderverse™ program, supported by major tech companies and the Steven & Alexandra Cohen Foundation. This initiative aims to provide immersive content and technology to underserved seniors across the United States, enhancing their quality of life through virtual experiences and therapeutics.
The program will initially cover 60 communities in the tri-state area, with plans to expand nationwide throughout 2024 and 2025. Key partners include AT&T (5G service), HTC VIVE (immersive glasses), NETGEAR (WiFi hotspots), and Select Rehabilitation (clinical leadership). The initiative is based on research showing significant benefits of Immersive Therapeutics (ITx) for seniors, including decreased isolation, improved mood, and better relationships with caregivers.
Boys & Girls Clubs of America and AT&T (NYSE:T) are expanding their partnership to enhance technology access for youth across America. As part of AT&T's $5 billion commitment to bridge the digital divide by 2030, the partners will open 40 new Connected Learning Centers (CLCs) in Boys & Girls Clubs by 2027. This expansion builds on the 20 CLCs already established, which have provided access to technology for over 123,000 young people.
The CLCs offer free access to digital resources, including AT&T internet, Wi-Fi, Dell computers, and digital literacy resources. They also provide virtual and in-person tutoring opportunities with AT&T employees. This initiative aims to connect more young people to greater possibilities and help them reach their full potential, leveraging the 5,400 Boys & Girls Clubs embedded in communities across the country.
AT&T reported strong Q2 2024 results, demonstrating consistent 5G and fiber customer growth. Key highlights include:
- Revenues of $29.8 billion
- Diluted EPS of $0.49; adjusted EPS of $0.57
- 419,000 postpaid phone net adds
- 239,000 AT&T Fiber net adds
- Mobility service revenues up 3.4% YoY to $16.3 billion
- Consumer broadband revenues up 7.0% YoY to $2.7 billion
AT&T reiterated its full-year 2024 guidance, including wireless service revenue growth of ~3%, broadband revenue growth of 7%+, and free cash flow of $17-$18 billion. The company expects to achieve net debt-to-adjusted EBITDA in the 2.5x range by H1 2025 and pass 30 million+ locations with fiber by end-2025.
In April, AT&T (NYSE: T) detected illegal downloads of customer data from a third-party cloud platform. An investigation, involving top cybersecurity experts, was promptly launched to assess the criminal activity's scope. Law enforcement efforts led to at least one arrest.
The breach impacted records of calls and texts for nearly all AT&T cellular customers, MVNO customers using AT&T's network, and landline customers whose numbers interacted with cellular numbers between May 1, 2022, and October 31, 2022. Additionally, records for a small subset of customers from January 2, 2023, were affected. The data included telephone numbers and, in some cases, cell site identification numbers but excluded content of communications and personal identifiers like Social Security numbers.
AT&T assures that there is no evidence the data is publicly accessible. The company will notify affected customers and offer resources for data protection. For more information, visit att.com/DataIncident.
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