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AT&T Inc. - T STOCK NEWS

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.

Rhea-AI Summary

AT&T Inc. disclosed a data breach affecting 7.6 million current account holders and 65.4 million former account holders, exposing sensitive details like names, email addresses, phone numbers, and social security numbers. Affected customers may be entitled to compensation due to the breach. Levi & Korsinsky, LLP is investigating potential compensation for affected customers.

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AT&T reports strong first-quarter cash flow driven by 5G and fiber growth. Mobility service and broadband revenue show positive momentum.
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AT&T commits an additional $3 billion to help close the digital divide, aiming to reach 25 million people by 2030. The company's total commitment since 2021 is now $5 billion. AT&T focuses on addressing affordability and adoption barriers to connectivity for those in need.
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AT&T is investigating a data breach where data-specific fields were found on the dark web, impacting 7.6 million current account holders and 65.4 million former account holders. The data set is from 2019 or earlier. AT&T is conducting a thorough investigation with cybersecurity experts and offering credit monitoring to affected customers.
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The company's board of directors declared a quarterly dividend of $0.2775 per share on common shares, payable on May 1, 2024, with different payment dates for preferred stocks.
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AT&T's chief financial officer discusses the company's progress on its growth strategy in a fireside chat, highlighting strong demand for 5G and fiber connectivity. The company remains on track to meet financial guidance with a capital investment range of $21-22 billion in 2024.
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AT&T to host a webcast with Pascal Desroches, CFO, at the Deutsche Bank Conference on March 12, 2024. The event will be live and available for replay.
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AT&T's chief operating officer will discuss the company's progress in driving sustainable and profitable growth during a fireside chat at 1:15 p.m. ET. AT&T is on track to meet its financial guidance, with strong demand for 5G and fiber connectivity. The company plans to invest $21-22 billion in network infrastructure in 2024.
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Marissa Mayer joins AT&T Board of Directors, increasing the number of directors to 11. She will be on the Audit and Corporate Development and Finance committees.
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AT&T's Chief Operating Officer, Jeff McElfresh, will participate in a fireside chat at the Morgan Stanley Conference on March 4, 2024, at 1:15 p.m. ET. The webcast will be live and available for replay.
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FAQ

What is the current stock price of AT&T (T)?

The current stock price of AT&T (T) is $22.75 as of December 20, 2024.

What is the market cap of AT&T (T)?

The market cap of AT&T (T) is approximately 163.0B.

What is AT&T's primary business?

AT&T primarily operates in the telecommunications industry, offering mobile telephone services, fixed-line enterprise services, and broadband internet access.

How significant is AT&T's wireless business?

AT&T's wireless business is crucial, contributing about two-thirds of its revenue. The company connects approximately 72 million postpaid and 17 million prepaid phone customers.

What are AT&T's recent achievements?

AT&T achieved strong fourth-quarter and full-year results in 2023, surpassing its guidance for adjusted EBITDA, mobility service, and broadband revenue growth. In Q1 2024, the company saw continued growth in 5G and fiber customer additions.

Does AT&T operate outside the United States?

Yes, AT&T has a significant presence in Mexico with 22 million customers, although this only accounts for 3% of its total revenue.

What is AT&T's approach to data security?

AT&T proactively addresses data security concerns. Recently, the company communicated with affected customers regarding a data set released on the dark web and offered credit monitoring services.

What is the outlook for AT&T in 2024?

AT&T plans to continue investing in its 5G and fiber networks, focusing on scaling connectivity services to meet growing broadband demand and driving durable growth for shareholders.

How does AT&T support its financial growth?

AT&T supports its financial growth through strategic investments in advanced networks, enhancing customer satisfaction, and implementing transformation initiatives to improve margins.

What kind of services does AT&T offer to businesses?

AT&T provides fixed-line enterprise services including internet access, private networking, security, voice, and wholesale network capacity.

What is AT&T's involvement with DirecTV?

AT&T holds a 70% equity stake in DirecTV but does not consolidate its financial results within its statements.

Where can investors find more information about AT&T?

Investors can learn more about AT&T by visiting the company's investor relations website at https://investors.att.com.

AT&T Inc.

NYSE:T

T Rankings

T Stock Data

162.99B
7.16B
0.08%
62.31%
1.5%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
DALLAS