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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 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.
AT&T announced a multi-year agreement to provide cellular connectivity for Maserati vehicles in the U.S. and Canada through Maserati Connect. This service allows Maserati owners to use their vehicles as Wi-Fi hotspots, supporting multiple devices. Additionally, passengers will have access to WarnerMedia RIDE streaming services, offering over 1,000 hours of entertainment content. All MY21 Maserati vehicles will benefit from this connectivity, providing services such as safety features, navigation updates, and more, with a complimentary trial period of three months or 3GB of usage.
AT&T Inc. (NYSE: T) has announced a quarterly dividend of $0.52 per common share, payable on May 3, 2021, to stockholders of record by April 9, 2021. Additionally, dividends for the company’s preferred stocks include $312.50 for Series A and $296.875 for Series C per preferred share, with the same payment schedule. The annual dividend for the Fixed Rate Reset Perpetual Preferred Stock Series B is set at €3,448.43. These dividend declarations reflect AT&T's commitment to returning value to its shareholders.
AT&T and WarnerMedia announced a commitment of $7 million to combat anti-Asian hate as part of the #StopAsianHate initiative. This includes a multi-platform campaign featuring public service announcements (PSAs) aimed at raising awareness and providing support to the AAPI community. Donations from viewers will support the Asian American Chamber of Commerce and Asian Americans Advancing Justice | AAJC. The initiative reinforces the companies' ongoing commitment to social justice and enhancing equality.
AT&T Business is extending its free webinar series, 'Business Unusual', hosted by Barbara Corcoran, starting March 24, 2021. The series aims to assist small businesses in enhancing customer acquisition and retention amid economic recovery. The webinars will feature discussions on customer experience, vital for success in a post-pandemic market. Notably, 94% of participants in the previous series expressed willingness to recommend it, highlighting its effectiveness. Each session will be livestreamed at 1:00 p.m. CDT with recordings available afterward.
The Virtual Human Interaction Lab at Stanford University has launched a study with MyndVR to explore the psychological impact of virtual reality (VR) on older adults. The research aims to assess how VR can enhance well-being and attitudes towards technology among seniors, particularly after the isolation experienced during the pandemic. Supported by AT&T's 5G technology, the study involves multiple senior living communities across the U.S. and Australia, marking a significant step in understanding VR's role in healthcare.
AT&T Inc. (NYSE:T) announced that its first-quarter 2021 results will be released before 7 a.m. ET on April 22, 2021. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results, with earnings release materials available on AT&T Investor Relations. Additionally, a live webcast of the call will be accessible through the same platform, with a replay available shortly after the call ends.
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