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 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.
AT&T announced the early tender results of its Exchange Offers, which have been upsized to accommodate more New Notes. The offers include two pools: Pool 1 for notes maturing in 2044, 2048, 2045, and 2042, and Pool 2 for notes maturing in 2026 and 2028. The withdrawal deadline for tendered Old Notes was 5:00 p.m. on December 1, 2020. Settlement for validly tendered Old Notes is expected on December 7, 2020, with the exchange offers expiring at 11:59 p.m. on December 15, 2020. Holders will receive cash for accrued interest and any fractional New Notes.
AT&T Inc. (NYSE:T) CFO John Stephens delivered an update at the Morgan Stanley European Tech, Media and Telecommunications Conference, highlighting strong momentum in postpaid wireless and customer retention strategies. The company anticipates over $26 billion in free cash flow for 2020, maintaining a high dividend payout ratio. Significant investments in 5G and fiber are expected to enhance network quality, while ongoing business transformation initiatives aim to optimize operations. AT&T has successfully refinanced over $60 billion of debt, positioning itself for future growth.
AT&T commenced private offers to exchange two pools of notes for cash and new senior notes due in 2057 and 2033, respectively. The Pool 1 Offer targets up to $3 billion in new 2057 Notes, while the Pool 2 Offer aims for $2.5 billion in new 2033 Notes. Each offer is subject to specific conditions, including a minimum issuance requirement of $1 billion for both pools. The early participation window ends on December 1, 2020, with the final expiration on December 15, 2020. Holders of the old notes must certify their eligibility to participate in the exchange.
AT&T (NYSE:T) Chief Financial Officer John Stephens will retire in March after 28 years, with WarnerMedia's Pascal Desroches appointed as his successor effective April 1, 2021. During his tenure since 2011, Stephens significantly contributed to AT&T's financial strategy and stability. Desroches brings extensive experience in media and telecom, having served as CFO at WarnerMedia and Turner. AT&T's CEO, John Stankey, commended Stephens for his leadership and wished him well in retirement.
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