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.
The annual REVOLT Summit x AT&T will be held virtually from October 23-25, featuring prominent artists like DaBaby and Killer Mike. The free event aims to engage young Black leaders through panels on social issues, economic empowerment, and political activism. Highlights include discussions on navigating challenges in 2020, a $10,000 talent competition, and a job fair with major companies. This initiative underscores AT&T's commitment to supporting Black media and community engagement.
AT&T, WarnerMedia, and General Motors have enhanced the driving experience by integrating AT&T's connectivity with WarnerMedia's entertainment offerings. Now, select Chevrolet, Buick, GMC, and Cadillac vehicle owners can access WarnerMedia RIDE, featuring unique video content, podcasts, and HBO Max for eligible data plan subscribers. With over 1 million data subscribers, this partnership aims to enrich the in-car experience for families. WarnerMedia RIDE is available at no extra cost for AT&T Unlimited Plan customers. Safety features have been prioritized to minimize distractions during driving.
AT&T has announced that it has the fastest nationwide 5G network for Q3 2020, marking its seventh consecutive quarter of being recognized for having the fastest overall wireless network. The accolade is based on Ookla's Speedtest results, which highlight consumer-driven performance metrics. AT&T has invested over $125 billion in its U.S. networks from 2015 to 2019, outpacing other public companies. The company continues to enhance its services with initiatives like the Unlimited Your Way plan, allowing customization of wireless options for customers.
On October 13, 2020, AT&T announced new smartphone deals for all customers, offering up to $700 off select Android devices with trade-in. This initiative is aimed at enhancing customer satisfaction by providing equal access to discounts regardless of carrier switches. Business customers can also benefit from discounts, including a $100 bill credit with smartphone upgrades. With the introduction of the Unlimited Your Way plan, customers now have more flexibility in choosing wireless services. AT&T emphasizes its nationwide 5G coverage, claiming to have the fastest network per recent Speedtest data.
AT&T announced the launch of the iPhone 12 lineup, featuring models like iPhone 12 Pro and iPhone 12, all equipped with 5G capabilities. Customers can pre-order from October 16, with in-store availability starting October 23. Notably, new and existing customers can acquire the iPhone 12 for $0 with a qualifying installment plan. The new models include advanced features such as improved cameras and the A14 Bionic chip, available in multiple finishes. Nationwide 5G access is included in all Unlimited plans, starting at $35/month for four lines.
AT&T Inc. (NYSE: T) has concluded the sale of its stake in Central European Media Enterprises Ltd. (CME) to Czech investment firm PPF Group N.V. for $1.1 billion in cash. This divestiture reduces AT&T's debt obligations by approximately $575 million, aligning with its strategy to monetize non-core assets and bolster shareholder value. AT&T aims to lower its net debt to strengthen its balance sheet. Upcoming financial results will be announced on October 22, 2020.
AT&T Inc. (NYSE:T) CEO John Stankey will be the opening speaker at the WSJ Tech Live conference on October 19, 2020. The virtual presentation is set to start at 12:05 p.m. ET. Interested participants can access a free livestream by registering for the Watch Pass on the WSJ conference website. AT&T is a global leader in telecommunications and media, providing services to over 100 million consumers in the U.S. and diverse offerings across Latin America.
The U.S. Army has chosen FirstNet, developed in partnership with AT&T, to enhance public safety communications across 72 installations in the U.S. and Puerto Rico. This decision follows a successful pilot program, showcasing FirstNet's capabilities during incidents like Hurricane Laura. The Army gains access to 3,200 FirstNet service lines, over 3,000 devices, and 700+ signal boosters for improved connectivity. FirstNet aims to ensure secure communications during emergencies, contributing to national safety and interoperability among first responders.
AT&T and the National Crime Prevention Council have launched a public education campaign titled Don't Take The Bait – Validate! to combat social engineering scams heightened during the COVID-19 pandemic. The campaign aims to inform consumers about fraud tactics and empower them to protect personal information. It includes videos, social media outreach, and infographics. AT&T's AVP Global Fraud emphasized the importance of equipping consumers with knowledge to counter fraudsters. The campaign seeks to encourage vigilance in handling unsolicited calls.
AT&T is set to provide 5G and Networking-as-a-Service to over 24,000 military personnel at Buckley, Joint Base Elmendorf-Richardson, and Offutt Air Force Bases to enhance their operations. This initiative, backed by the Air Force's Enterprise IT-as-a-Service program, aims to modernize networking infrastructure for improved speed and security. Over the past five years, AT&T invested more than $135 billion in network development and anticipates completing 5G service delivery by late 2021.
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