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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.
On May 17, 2021, AT&T Inc. (NYSE:T) announced that Igal Elbaz, senior vice president of Engineering and Operations, will not be speaking at the UBS Future of 5G Event due to the proposed combination of WarnerMedia with Discovery, Inc. This development includes AT&T's significant stake in WarnerMedia, which has a wide array of consumer brands such as HBO, CNN, and Warner Bros. AT&T serves over 225 million monthly subscriptions and provides services to both consumers and nearly 3 million business customers.
AT&T Inc. (NYSE:T) will host a webcast with Igal Elbaz, senior vice president of wireless & access technology, at the UBS Future of 5G Event on May 17, 2021, starting at 2:00 p.m. ET. This virtual presentation will be accessible live and for replay through AT&T Investor Relations. The company emphasizes its position as a global telecommunications leader, serving over 225 million monthly subscriptions across various services, including mobile and broadband. Key business segments include AT&T Communications, WarnerMedia, and operations in Latin America.
AT&T Inc. (NYSE:T) will host a webcast featuring Jason Kilar, CEO of WarnerMedia, at the MoffettNathanson Media & Communications Summit on May 13, 2021, at 12:00 p.m. ET. The event will be available for live viewing as well as replay on AT&T Investor Relations. AT&T, a leading telecommunications and media company, has over 225 million monthly subscriptions and provides various services, including mobile, broadband, and pay-TV across multiple regions.
AT&T has launched its 5G+ service at Lumen Field, enhancing fan experience with high-speed connectivity using millimeter wave spectrum. This upgrade benefits AT&T customers with compatible devices and plans, allowing them to enjoy immersive experiences during events. Additionally, public safety officials using FirstNet will have priority access to 5G+ for reliable communication. Currently available in parts of 38 cities and over 20 venues nationwide, this initiative aims to support fans and first responders alike, offering improved connectivity during high-traffic events.
AT&T Inc. (NYSE:T) held its annual stockholder meeting, where all 12 board nominees were re-elected for a year. A significant 95.8% of votes supported the appointment of Ernst & Young LLP as the independent auditor. However, the advisory vote on executive compensation only garnered 48.9% approval. Notably, a stockholder proposal for written consent was rejected with 71.7% against. The company is focusing on talent retention to achieve strategic objectives and enhance shareholder value.
Delta Air Lines, in collaboration with AT&T and Apple, is equipping over 19,000 flight attendants with iPhone 12 devices to leverage AT&T's nationwide 5G network. This initiative aims to enhance the overall passenger experience as travel behaviors evolve post-pandemic. The iPhone 12 features advanced technology such as the A14 Bionic chip and improved durability, making it ideal for flight attendants. This transformation is expected to unlock new possibilities for augmented reality applications in the airline industry, driving future service innovations.
AT&T announces significant upgrades for AT&T Fiber customers, enhancing internet speeds on entry and mid-level plans. The 100Mbps plan is now Internet 300, offering 300Mbps, while the 300Mbps plan increases to Internet 500 at 500Mbps. Additionally, AT&T is providing Internet Security at no extra cost, safeguarding users against online threats. The company sees increasing demand for high-speed internet amid the rise in remote activities, with plans to expand fiber service to 3 million new locations in 2021. Overall, AT&T aims to enhance customer experience and security.
AT&T reported strong first-quarter results with notable customer growth in its wireless, fiber, and HBO Max segments. Key highlights include 595,000 postpaid phone net additions, a 9.4% revenue increase to $43.9 billion, and a 3.7% rise in operating income to $6.0 billion. HBO Max gained 2.7 million subscribers, totaling 44.2 million domestically. However, declines in domestic video and business wireline revenues were noted, impacted by recent sales and foreign exchange pressures.
AT&T and the University of Connecticut (UConn) are collaborating to implement a private 5G+ network at UConn Stamford, enhancing entrepreneurship and data science initiatives. This initiative will bolster academic programs, including a Data Science Tech Incubator and Entrepreneurship Co-op, using AT&T's advanced millimeter wave and Multi-access Edge Compute technology. The project aims to strengthen Connecticut's innovation ecosystem, providing high-speed connectivity and creating career opportunities for students. The build-out is expected to complete by late summer 2021.
On April 19, 2021, AT&T announced the launch of a new managed endpoint security solution in collaboration with SentinelOne. This solution consolidates several security functions, offering comprehensive protection against cyber threats, including ransomware. It features 24/7 monitoring by AT&T's Security Operations Center (SOC) analysts and utilizes AI for enhanced threat detection and response. This initiative aims to address the growing need for advanced cybersecurity solutions as businesses face increasing attacks on their networks.
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