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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.
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.
AT&T has pledged to achieve carbon neutrality across its global operations by 2035. To support this goal, the company is expanding its Climate Change Analysis Tool (CCAT) to assess climate impacts on its network for the next 30 years. Key initiatives include enhancing energy efficiency, transitioning to a low-emissions fleet, and investing in carbon offsets. Over the past five years, AT&T invested over $135 billion in its networks. Despite these efforts, the company has incurred $1 billion in costs due to climate-related events since 2016.
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.
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