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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.
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.
AT&T is on track to fulfill its $3 billion commitment to spend with U.S. Black-owned suppliers by the end of this year, having achieved nearly 90% of this goal. The initiative, rooted in a long-term commitment to economic impact and diversity, aims to provide sustainable opportunities for Black businesses. Key areas of focus include technology development, legal services, and engineering. The company emphasizes its dedication to fostering economic growth and innovation within the communities it serves.
AT&T completed the delivery of Managed Trusted Internet Protocol Services (MTIPS) to the National Labor Relations Board (NLRB) in March, marking the first Task Order fulfilled under the General Services Administration's Enterprise Infrastructure Solutions (EIS) program. This service enhances cybersecurity for NLRB's network traffic, integrating with Open Threat Exchange for community-driven threat data. The initiative aligns with the Office of Management and Budget's Trusted Internet Connection initiative, aimed at improving federal network security.
AT&T has launched the Samsung Galaxy A71 5G, available for just $10 per month with a new line and eligible unlimited plan. Pre-orders begin on June 19, and the phone will be available in stores by July 10. Customers will receive a $100 Visa gift card with their order. AT&T's 5G network has expanded to 137 new markets, covering over 160 million people, with plans for nationwide access this summer. The Galaxy A71 5G features a 6.7-inch display, a quad camera, and a long-lasting battery, catering to both everyday users and first responders.
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