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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.
John Stephens, CFO of AT&T (NYSE:T), presented at the Citi Global TMT West Virtual Conference, highlighting the company's strategic focus on customer-centric initiatives and its strong financial outlook for 2021. Stephens noted ongoing investments in network performance and competitive device pricing, which are expected to enhance customer migration to unlimited plans. The introduction of a hybrid distribution model for Warner Bros. films is anticipated to boost HBO Max activations. AT&T targets approximately $26 billion in free cash flow and plans to maintain its dividend while reducing debt.
AT&T will host a webcast featuring John Stephens, senior executive vice president and CFO, at the Citi Global TMT West Virtual Conference on January 5 at 10 a.m. ET. The presentation will be accessible live and for replay on the AT&T Investor Relations website. Participants are advised to join a few minutes prior to the start time. AT&T is a global leader in telecommunications, providing services to over 100 million consumers in the U.S. and nearly 3 million business customers, alongside offering entertainment through various brands including HBO and Warner Bros.
AT&T Inc. (NYSE:T) will release its fourth-quarter 2020 results before 7 a.m. ET on January 27, 2021. Following the release, a conference call will be hosted at 8:30 a.m. ET to discuss the results. The earnings report and related materials will be accessible through AT&T Investor Relations. A live webcast of the call will also be available, with a replay expected shortly after its conclusion.
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.
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