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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.
AT&T Inc. (NYSE:T) has announced its 2021 Annual Meeting of Stockholders, scheduled for April 30 at 9 a.m. CDT, to be conducted via audio webcast. Shareholders can access the webcast through multiple browsers, excluding Internet Explorer. The meeting aims to engage stockholders and discuss company performance and strategy. AT&T serves over 225 million monthly subscriptions, providing services in telecommunications, media, and technology, with significant operations in the U.S. and Latin America.
The Baltimore Police Department has connected over 3,000 officers and key personnel to FirstNet, enhancing communication capabilities. This dedicated public safety network, designed by AT&T, is crucial for first responders, ensuring reliable access to vital information during emergencies. The department began using FirstNet in January 2020, incorporating it into smartphones and other devices, and has noted improvements in service, especially during the COVID-19 pandemic. The collaboration aims to elevate public safety through advanced communications and interoperability.
AT&T has announced a commitment to invest $2 billion over the next three years to address the digital divide in the United States. This initiative builds on a previous $1 billion investment aimed at supporting vulnerable communities. The investment will expand affordable broadband through low-cost offerings and the Emergency Broadband Benefit program, helping millions more access internet connectivity. AT&T's efforts, including educational offers and Connected Learning Centers, aim to ensure all Americans have affordable access to high-speed broadband and digital resources, especially in underserved communities.
AT&T has launched its 5G+ service at the Mercedes-Benz Superdome in New Orleans on April 8, 2021. This high-speed connectivity utilizes millimeter wave spectrum, enhancing the fan experience during large events. Customers with compatible devices and plans can now enjoy faster speeds in the stadium. The service also supports FirstNet users, allowing first responders to maintain effective communication. 5G+ is currently available in parts of 38 cities and over 20 venues nationwide.
AT&T has partnered with Boingo to launch AT&T 5G+ at Vivint Arena in Salt Lake City, enhancing connectivity for fans. This service utilizes millimeter wave spectrum, delivering high-speed internet ideal for crowded venues. AT&T customers with compatible devices can enjoy these services during events at the arena, which also hosts the NBA's Utah Jazz. First responders will have priority access through FirstNet, ensuring reliable communication. AT&T 5G+ is currently available in parts of 38 cities across the U.S.
AT&T has introduced its 5G+ service at the Toyota Center in Houston, which utilizes millimeter wave spectrum for enhanced connectivity.
Available for AT&T customers and FirstNet subscribers, this service promises faster speeds and improved user experience during high-traffic events.
The roll-out includes access for first responders, ensuring reliable communication during emergencies. AT&T 5G+ is currently available in 38 cities and over 20 venues nationwide.
Toyota Motor North America has partnered with AT&T to enhance in-vehicle entertainment for families. This collaboration introduces the WarnerMedia RIDE™ app, allowing Toyota and Lexus owners to connect up to five devices for browsing and streaming content via AT&T in-car Wi-Fi. Eligible owners of select 2020 and newer models can access a complimentary 90-day Wi-Fi trial. The app offers a wide range of shows and movies from popular channels. This initiative aims to improve customer experience on road trips, aligning with Toyota's focus on next-generation mobility.
AT&T Business has launched AT&T Office@Hand Wireless, a new service that combines business wireline and mobile phone capabilities. This innovative communication tool aims to enhance efficiency and flexibility for businesses, enabling seamless connectivity across various devices. Key features include native dialing, cloud-based Auto Receptionist, and 24/7 support. Supported by AT&T's LTE and 5G networks, the service ensures robust performance for remote and decentralized operations. The launch aligns with growing trends towards remote work, as many employers plan for permanent work-from-home policies.
AT&T has enhanced its SD-WAN capabilities by introducing new features in collaboration with Cisco, aimed at supporting remote workers and meeting FISMA compliance for government agencies. The AT&T SD-WAN with Cisco Teleworker solution allows employees to utilize their home internet for secure, enterprise-grade connectivity. This solution offers a co-managed option for businesses, enabling them to handle their application policies while relying on AT&T for support. Overall, these enhancements position AT&T as a leader in SD-WAN services in North America.
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