At&T Stock Price, News & Analysis

John Stephens, CFO of AT&T (NYSE:T), spoke at the Deutsche Bank Media, Internet & Telecom Conference, outlining strategies for growth in mobility, fiber, and video services. He highlighted a projected 2% growth in wireless service revenue for 2021, driven by customer acquisitions and improved churn rates. AT&T plans to expand its fiber footprint by 3 million locations this year. The agreement with TPG to create a new entity, DIRECTV, aims to enhance video operations. The company anticipates saving $300 million quarterly in depreciation costs following the sale of its video business.

On March 5, 2021, AT&T responded to a civil suit from the SEC targeting three mid-level investor relations employees regarding conversations with analysts from 2016. The SEC's investigation, lasting four years, found no evidence of material nonpublic information being disclosed. AT&T argues that discussions about the phase-out of smartphone subsidies were publicly known and had no significant impact on earnings. The company maintains its commitment to ethical practices and looks forward to proving the allegations are unfounded.

AT&T will host its Analyst & Investor Day on March 12, 2021, at 9 a.m. CT. The event will focus on updates regarding the company's business strategy and capital allocation plans. Interested parties can access the live webcast via the AT&T Investor Relations website. Following the event, a replay and transcript will be available for those unable to attend live. AT&T, a major player in telecommunications and media, serves over 225 million monthly subscriptions and offers services to both consumers and businesses.

AT&T Inc. (NYSE:T) will host a webcast featuring John Stephens, the company's CFO, at the Deutsche Bank Media, Internet & Telecom Conference on March 8, 2021, starting at 10 a.m. ET. The presentation will be available for live viewing and replay on the AT&T Investor Relations website. Investors are advised to log in a few minutes early to accommodate any schedule changes during the conference.

This initiative highlights AT&T's commitment to investor engagement and transparency in its telecommunications and media operations.

AT&T and TPG Capital have finalized an agreement to create a new company named New DIRECTV, which will manage AT&T's U.S. video services including DIRECTV, AT&T TV, and U-verse. The new entity is valued at $16.25 billion, with AT&T retaining 70% ownership. Upon completion, expected in the second half of 2021, AT&T will receive $7.8 billion, primarily for debt reduction. TPG will invest $1.8 billion, while New DIRECTV plans to improve video services amid evolving customer habits. This restructuring aims to enhance focus and profitability in the competitive video market.

AT&T has appointed Jason Porter as the President of its Public Sector and FirstNet organization as of February 25, 2021. In this role, Porter will oversee Government Solutions, serving Federal, State, Local Government, and Education customers. He also continues to lead the FirstNet business, focusing on advanced communications for first responders, under a 25-year public-private partnership, the largest government contract for a telecom provider. Porter has extensive leadership experience at AT&T, including roles in cybersecurity and technology planning.

AT&T will present a keynote address by Jason Kilar, CEO of Warner Media, at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, starting at 7:30 a.m. ET. This event will be held virtually, with the webcast available for live viewing and replay on AT&T Investor Relations. Investors are encouraged to tune in a few minutes beforehand in case of schedule changes.

AT&T will host its Analyst & Investor Day on March 12, 2021, at 9 a.m. CT, via webcast. The event aims to provide updates on AT&T's business strategy, investment, and capital allocation plans. This key event will shed light on the company's performance and future direction, engaging both investors and analysts. Further details, including access information, will be shared closer to the date. AT&T, a leader in telecommunications and media, serves over 100 million U.S. consumers and nearly 3 million business customers.

Enseo has partnered with WarnerMedia to offer the HBO app in hotel rooms via its Catapult Tech™ in-room entertainment platform. This initiative allows participating hotels to provide guests free access to HBO's extensive library, regardless of their personal subscriptions. The deal responds to increased demand for in-room entertainment, which rose by 49.3% during the pandemic. Additionally, the HBO service is accessible through Enseo's touchless remote, enhancing guest safety. This collaboration aims to meet evolving content demands and improve the guest experience in hospitality.