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 REVOLT Summit x AT&T will be held virtually from October 23-25, 2020, providing a free platform for cultural engagement. Starting September 15, a digital series, ROAD TO SUMMIT, featuring emerging artists and entrepreneurs, will lead up to the event. This year aims to empower the next generation, particularly within the Black community, amid a critical historical moment. Attendees will have access to mentoring through AT&T's Office Hours and various interactive programs. Previous summits have seen great success, and this year, accessibility is expanded globally.
AT&T has enabled 5G roaming for U.S. customers in Japan through an agreement with NTT DOCOMO. Customers on a qualifying wireless plan can access 5G using roam-capable devices, starting with the motorola one 5G available this week. This initiative enhances AT&T's global connectivity, showcasing their commitment to customer access to 5G technology. The company emphasizes its leadership in global roaming and continues to support LTE users with existing coverage. This marks a significant milestone for AT&T in expanding its international services.
MOVIES ANYWHERE has announced DIRECTV as its newest digital retailer, enhancing users' ability to consolidate their digital movie collections across platforms. The launch is celebrated with a limited-time promotion allowing users to select a complimentary Warner Bros. movie in up to 4K resolution when they link their accounts. This feature is aimed at enriching the viewing experience, especially during increased home entertainment consumption. The platform also introduced co-viewing and SCREEN PASS features to elevate shared movie watching experiences.
AT&T (NYSE: T) announced a $10 million commitment to enhance economic opportunities for Black and underserved communities impacted by COVID-19 and social inequities. This funding builds on a $215 million investment over five years in education and career readiness programs. Key initiatives include partnerships with organizations like YouthBuild USA and Year Up, targeting youth employment. Additionally, AT&T supports the HBCU Founder's Program to foster Black technology development. This philanthropic effort highlights AT&T's commitment to social equality and community empowerment.
AT&T Business, in partnership with Barbara Corcoran, launches a new webinar series titled Business Unusual, Big Ideas for Small Business, aimed at aiding struggling small businesses amid the pandemic. The first webinar, Where Do We Go from Here?, is scheduled for July 22, 2020. The series will include sessions focused on retail, restaurants, and hospitality, allowing small business owners to learn from industry leaders. Registration is available for free at 888Barbara.com.
AT&T announced new savings for teachers, nurses, and physicians, effective July 10, 2020. Eligible customers can receive 25% savings on Unlimited Starter, Extra, and Elite plans, translating into up to $50/month discount for four lines on Unlimited Elite. Additionally, AT&T is contributing over $1 million to educational initiatives to support teachers. As part of its commitment to community support, AT&T continues to expand its 5G network, covering 179 million people across 355 markets.
AT&T announced a 4-year extension of its Southwest wireline contract with CWA District 6, covering over 14,000 employees across Arkansas, Kansas, Missouri, Oklahoma, and Texas. The new contract will take effect on April 11, 2021, and will expire on April 12, 2025. Until then, employees will continue working under their current contract. This agreement is part of AT&T's continued effort to enhance its workforce stability and operational efficiency.
On June 29, 2020, AT&T announced the launch of its 5G network in 28 new markets, expanding its coverage to over 160 million people and a total of 355 markets in the U.S. The new markets include locations in Arkansas, Florida, Hawaii, Idaho, Illinois, Michigan, Missouri, Minnesota, North Dakota, Oregon, Pennsylvania, Puerto Rico, Tennessee, and Texas. AT&T has introduced dynamic spectrum sharing (DSS) technology, enabling simultaneous use of 4G and 5G on the same channel, enhancing network flexibility and efficiency.
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