AT&T Inc. - T STOCK NEWS

Hello Sunshine has announced the launch of Shine Away, a new experiential franchise aimed at fostering community connection and engagement. Scheduled for June 17th at the JW Marriott Nashville, this event, created in collaboration with AT&T, will offer attendees curated programming and unique activations. The event features prominent figures such as founder Reese Witherspoon and AT&T's Chief Marketing Officer Kellyn Smith Kenny. Shine Away aims to uplift female voices and provide a platform for creativity and inspiration. Tickets are now on sale, and select content will be available for livestream on Hello Sunshine's social media.

AT&T and Trinity Cyber have announced the development of a Secure Internet Gateway, an innovative cybersecurity solution for the U.S. Air Force. This solution aims to significantly enhance cybersecurity protections and reduce risks for Air Force networks. With malicious actors targeting sensitive information, this collaboration aligns with the Biden Administration's efforts to strengthen national cyber defenses.

Testing of this solution marks a key step towards its broader adoption across the Department of the Air Force. The Secure Internet Gateway provides automated threat prevention, aiming to improve national cybersecurity posture and compliance with federal directives. Trinity Cyber's full content inspection capability enhances threat mitigation and reduces incident response workloads. This partnership reflects ongoing efforts to bridge industrial capabilities and government security needs.

AT&T Inc. (NYSE: T) reported strong first-quarter results with revenues reaching $30.1 billion, up 1.4% from the previous year. The company added 424,000 postpaid phone subscribers, marking the 11th consecutive quarter with over 400,000 net adds. Fiber net additions were 272,000, continuing a streak of 13 quarters with high growth. Domestic wireless service revenues increased 5.2%, and consumer broadband revenues rose 7.3%, driven by a 30.7% increase in AT&T Fiber revenue. The diluted EPS from continuing operations was $0.57, down from $0.65 year-over-year. The company's operating income improved to $6.0 billion, reflecting effective cost management, while cash from operations was $6.7 billion. AT&T remains on track to achieve $6 billion in cost savings by year-end.

AT&T will disclose its first-quarter 2023 financial results on April 20, 2023, ahead of the market opening. The earnings release and additional materials will be accessible through the AT&T Investor Relations page. A conference call to discuss the results is scheduled for 8:30 AM ET on the same day, with a live webcast available. This quarterly update will provide investors insights into the company's performance amid ongoing shifts in the telecommunications landscape.

The board of directors of AT&T (NYSE:T) declared a quarterly dividend of $0.2775 per share on common shares. They also announced quarterly dividends for preferred stock: $312.50 for Series A and $296.875 for Series C, both payable on May 1, 2023. An annual dividend of €2,875.00 for Series B preferred stock is set for May 2, 2023. These dividends are significant for shareholders, emphasizing AT&T's commitment to returning value, with record dates of April 10 and April 13 for respective shares.

AT&T has achieved key milestones in expanding its network coverage, notably increasing its reach to over 2.91 million square miles across the U.S., with a 100,000 square mile expansion in 2022. The company invested over $140 billion in its wireless and wireline networks from 2018 to 2022, including significant improvements in network resiliency. The coverage of federally recognized tribal lands has grown by 40% in the last two years. Additionally, more than 150 million people now have access to mid-band 5G spectrum, doubling targets. AT&T continues to prioritize first responders with enhanced connectivity and is laying down over 60,000 miles of fiber annually.