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 announced extensions of two Mobility contracts with the Communications Workers of America. The first, the Mobility Orange contract, covers over 14,000 employees across 36 states and D.C., effective from February 13, 2021, to February 11, 2022. The second, the Mobility Southeast contract, affects nearly 10,000 employees in the Southeast region, starting February 12, 2022, and ending February 10, 2023. Employees will continue under current contracts until these extensions take effect.
AT&T, in collaboration with Hitachi Vantara, is deploying advanced temperature screening technology for the Regional Transportation Commission of Southern Nevada (RTC) to enhance health and safety measures. This system, utilizing Hitachi's Lumada Video Insights and AT&T's 4G LTE connectivity, detects elevated body temperatures among employees and visitors. Covering 1,500 personnel including bus drivers, the solution aims to help slow the spread of COVID-19. RTC emphasizes that this thermal imaging solution serves as a crucial first layer of defense against potential health risks.
AT&T Inc. (NYSE: T) announced a quarterly dividend of $0.52 per share to be paid on Feb 1, 2021, to stockholders of record by Jan 11, 2021. The company also declared dividends on its perpetual preferred stocks: $312.50 for Series A and $296.875 for Series C, also payable on Feb 1, 2021. AT&T expects financial flexibility in 2021 to continue investing in growth, sustain dividends, and focus on debt reduction. The 2021 financial outlook will be provided alongside its 4Q results on January 27, 2021.
AT&T announced the sale of its Crunchyroll anime business to Funimation Global Group for $1.175 billion in cash. Crunchyroll, which has over 3 million SVOD subscribers, is a leading anime streaming service with 90 million registered users across 200 countries. This acquisition aims to enhance distribution opportunities and improve fan experiences. The deal is subject to regulatory approvals and customary closing conditions. The merging of Crunchyroll with Funimation is expected to expand content offerings and further engage a global community of anime fans.
AT&T Inc. (NYSE:T) CEO John Stankey provided a shareholder update at the UBS Global TMT Conference. Key highlights include strong consumer response to offerings, boosting wireless and fiber business. Stankey expects 10% growth in wireless unlimited plans by year-end and aims for over 1 million fiber additions. HBO Max activations rose from 8.6 million to 12.6 million, with a 36% increase in weekly engagement. The company anticipates $26 billion in free cash flow for 2020 and emphasizes maintaining dividends while reducing debt.
AT&T Inc. (NYSE:T) will webcast a presentation by Igal Elbaz, Senior Vice President of Wireless Technology, at the Oppenheimer 5G Summit on December 15. The event is set to begin at 9:50 a.m. ET and will be accessible live and for replay via AT&T Investor Relations. Investors and analysts are encouraged to join the webcast a few minutes early to accommodate any schedule changes.
The FBI has awarded AT&T a $92 million contract to expand its use of FirstNet, the dedicated communications platform for first responders. This marks the largest commitment to FirstNet by a law enforcement agency, enhancing the FBI's operations during emergencies. As of September 2020, over 14,000 public safety agencies were connected to FirstNet, highlighting its critical role in providing reliable communication. The contract will allow various Department of Justice agencies to access FirstNet's priority and preemption capabilities, ensuring essential communications during crises.
AT&T CEO Jeff McElfresh highlighted the ongoing digital divide at the USTelecom Broadband Investment Forum. He noted that U.S. providers invested nearly $2 trillion since 1996, with AT&T investing over $125 billion in the last five years, contributing to improvements in broadband speeds and costs. Despite this, 14.5 million Americans lack access to adequate broadband, with rural areas particularly affected. McElfresh urged Congress to fund the Broadband DATA Act and maintain a light-touch regulatory approach to encourage future investments.
AT&T announced pricing terms for private offers to exchange two pools of notes, totaling $5.9 billion for New 2057 Notes and $3.75 billion for New 2033 Notes. The early participation payment is $50 per $1,000 of Old Notes. For instance, holders of the 4.800% Global Notes due 2044 will receive a total consideration of $1,220.65 per $1,000 principal amount. The Exchange Offers will close on December 15, 2020. The interest rates for the new notes are set at 3.800% and 2.550%, respectively. Holders must certify their eligibility to participate in the Exchange Offers.
AT&T Inc. (NYSE:T) will host a webcast presentation by Scott Mair, President of Technology & Operations, at the Barclay Global Technology, Media and Telecommunications Conference on December 9 at 10 a.m. ET. The presentation can be viewed live and for replay on AT&T Investor Relations website. Viewers are encouraged to join a few minutes early to accommodate any schedule changes. AT&T is a global leader in telecommunications and media, offering services through various operating units including WarnerMedia and AT&T Communications.
FAQ
What is the current stock price of AT&T (T)?
What is the market cap of AT&T (T)?
What is AT&T's primary business?
How significant is AT&T's wireless business?
What are AT&T's recent achievements?
Does AT&T operate outside the United States?
What is AT&T's approach to data security?
What is the outlook for AT&T in 2024?
How does AT&T support its financial growth?
What kind of services does AT&T offer to businesses?
What is AT&T's involvement with DirecTV?
Where can investors find more information about AT&T?
