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 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.
Duke Energy Renewables has launched its largest windpower project, the 350-MW Frontier Windpower II, in Kay County, Oklahoma. This project expands upon the previously operational 200-MW Frontier I, generating a total of 550 MW of wind energy to power approximately 193,000 homes. Notable customers AT&T and Ball Corporation have secured 15-year virtual power purchase agreements for a combined 321 MW. The project also supports Duke's aim to double its renewable portfolio from 8 GW to 16 GW by 2025, boosting local job creation and tax revenue.
On March 12, 2021, AT&T outlined its long-term 5G strategy during its Analyst & Investor Day. The company plans to enhance its 5G network, which now covers 230 million people in 14,000 cities, by investing over $105 billion in the U.S. between 2016 and 2020. Key initiatives include expanding 5G connectivity in sports venues, retail locations, airports, and educational institutions. AT&T's unique assets aim to create secure experiences for various sectors, including healthcare and gaming, while maintaining a strong focus on public safety and security.
AT&T (NYSE:T) has updated its strategic and financial outlook, announcing plans to reach 120-150 million HBO Max/HBO subscribers by 2025, an increase from prior estimates. The company aims to expand its fiber footprint by adding 3 million locations in 2021 and will begin deploying C-band spectrum with an investment of $6-8 billion. AT&T maintains a 3.0x net debt-to-EBITDA ratio target by year-end 2021 and expects stable adjusted EPS for 2021, with $26 billion in free cash flow. The company also plans to launch an AVOD version of HBO Max by June.
AT&T is enhancing its nationwide business-focused broadband network by introducing fixed 5G wireless solutions. Effective April, the company will offer new routers from Sierra Wireless and Cradlepoint, aimed at improving business connectivity options. This development supports various business needs, including primary connections and remote work solutions, with no overage charges. The enhanced network, connecting over 2.5 million business locations, enhances productivity and reliability for organizations, crucial during the ongoing global shift towards remote working.
AT&T is expanding its Managed Security Services by teaming up with Fortinet to offer the first global managed Secure Access Service Edge (SASE) solution. This innovation integrates software-defined wide-area network (SD-WAN) capabilities with network security functions, promoting enhanced security, improved network performance, and reduced operational costs. The solution is available immediately, with planned updates throughout 2021. AT&T's experience as a leading SD-WAN provider allows it to address the evolving cybersecurity needs of organizations facing a distributed workforce.
John Stephens, CFO of AT&T (NYSE:T), spoke at the Deutsche Bank Media, Internet & Telecom Conference, outlining strategies for growth in mobility, fiber, and video services. He highlighted a projected 2% growth in wireless service revenue for 2021, driven by customer acquisitions and improved churn rates. AT&T plans to expand its fiber footprint by 3 million locations this year. The agreement with TPG to create a new entity, DIRECTV, aims to enhance video operations. The company anticipates saving $300 million quarterly in depreciation costs following the sale of its video business.
On March 5, 2021, AT&T responded to a civil suit from the SEC targeting three mid-level investor relations employees regarding conversations with analysts from 2016. The SEC's investigation, lasting four years, found no evidence of material nonpublic information being disclosed. AT&T argues that discussions about the phase-out of smartphone subsidies were publicly known and had no significant impact on earnings. The company maintains its commitment to ethical practices and looks forward to proving the allegations are unfounded.
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