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 will host its Analyst & Investor Day on March 12, 2021, at 9 a.m. CT. The event will focus on updates regarding the company's business strategy and capital allocation plans. Interested parties can access the live webcast via the AT&T Investor Relations website. Following the event, a replay and transcript will be available for those unable to attend live. AT&T, a major player in telecommunications and media, serves over 225 million monthly subscriptions and offers services to both consumers and businesses.
AT&T Inc. (NYSE:T) will host a webcast featuring John Stephens, the company's CFO, at the Deutsche Bank Media, Internet & Telecom Conference on March 8, 2021, starting at 10 a.m. ET. The presentation will be available for live viewing and replay on the AT&T Investor Relations website. Investors are advised to log in a few minutes early to accommodate any schedule changes during the conference.
This initiative highlights AT&T's commitment to investor engagement and transparency in its telecommunications and media operations.
AT&T and TPG Capital have finalized an agreement to create a new company named New DIRECTV, which will manage AT&T's U.S. video services including DIRECTV, AT&T TV, and U-verse. The new entity is valued at $16.25 billion, with AT&T retaining 70% ownership. Upon completion, expected in the second half of 2021, AT&T will receive $7.8 billion, primarily for debt reduction. TPG will invest $1.8 billion, while New DIRECTV plans to improve video services amid evolving customer habits. This restructuring aims to enhance focus and profitability in the competitive video market.
AT&T has appointed Jason Porter as the President of its Public Sector and FirstNet organization as of February 25, 2021. In this role, Porter will oversee Government Solutions, serving Federal, State, Local Government, and Education customers. He also continues to lead the FirstNet business, focusing on advanced communications for first responders, under a 25-year public-private partnership, the largest government contract for a telecom provider. Porter has extensive leadership experience at AT&T, including roles in cybersecurity and technology planning.
AT&T will present a keynote address by Jason Kilar, CEO of Warner Media, at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, starting at 7:30 a.m. ET. This event will be held virtually, with the webcast available for live viewing and replay on AT&T Investor Relations. Investors are encouraged to tune in a few minutes beforehand in case of schedule changes.
AT&T will host its Analyst & Investor Day on March 12, 2021, at 9 a.m. CT, via webcast. The event aims to provide updates on AT&T's business strategy, investment, and capital allocation plans. This key event will shed light on the company's performance and future direction, engaging both investors and analysts. Further details, including access information, will be shared closer to the date. AT&T, a leader in telecommunications and media, serves over 100 million U.S. consumers and nearly 3 million business customers.
Enseo has partnered with WarnerMedia to offer the HBO app in hotel rooms via its Catapult Tech™ in-room entertainment platform. This initiative allows participating hotels to provide guests free access to HBO's extensive library, regardless of their personal subscriptions. The deal responds to increased demand for in-room entertainment, which rose by 49.3% during the pandemic. Additionally, the HBO service is accessible through Enseo's touchless remote, enhancing guest safety. This collaboration aims to meet evolving content demands and improve the guest experience in hospitality.
AT&T's FirstNet now covers over 2.71 million square miles, adding nearly 100,000 square miles in 2020 alone. The network serves more than 15,000 agencies with over 2 million connections nationwide, highlighting its critical role in public safety communications. Recent additions include the Los Angeles Police Department and City of Cambridge. FirstNet enhances coverage with Band 14 spectrum and plans for over 1,000 new sites to improve connectivity in rural and underserved areas. The network is designed for efficient communication during emergencies, providing dedicated service to first responders.
Courageous Studios, in collaboration with VantageScore Solutions, TransUnion, and American Express, launched a new content campaign targeting financial health amidst ongoing pandemic challenges. The campaign reveals that 57% of Americans are still facing financial difficulties due to COVID-19. 'The Game Plan', hosted by Dhani Jones, is a five-part video series providing actionable advice on managing finances during crises. The series highlights real stories and expert insights to aid viewers in improving their financial literacy and credit health, featuring tools like MyCredit Guide by American Express.
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