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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.

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Pascal Desroches, CFO of AT&T (NYSE: T), will present updates at the Bank of America C-Suite TMT Conference on June 11. He will highlight AT&T's ongoing multiyear growth strategy, focusing on 5G and fiber connectivity. The company anticipates maintaining its financial guidance and capital investments of $21-22 billion for 2024. AT&T has seen steady customer growth and intends to pass 30 million consumer and business locations with fiber by the end of 2025. The company is also reducing costs and aims to achieve $2 billion+ in savings by mid-2026. Additionally, AT&T is leveraging partnerships to expand its fiber network outside its footprint and investing in public-private partnerships to enhance connectivity.

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AT&T will webcast a fireside chat with CFO Pascal Desroches at the Bank of America C-Suite TMT Conference on June 11, 2024, starting at 8:05 a.m. ET. The webcast will be available live and for replay on AT&T's Investor Relations page. Participants are advised to join a few minutes early in case of any schedule changes.

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UniDoc Health has entered a supply agreement with Aiutamoli a Vivere Foundation (AVF) to provide up to 15 H3 Health Cubes, starting with an initial delivery of three units. These AI-assisted eHealth Cubes will be deployed in Ukraine and Gaza to support communities affected by conflict. The agreement includes the design, production, transport, and installation managed by UniDoc, with AVF coordinating distribution and local relations. The first shipment is expected by Q3 2024. This partnership aims to enhance healthcare delivery in underserved areas, promoting equitable and accessible healthcare.

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AT&T will release its second-quarter 2024 earnings results on Wednesday, July 24, 2024, before the New York Stock Exchange opens.

The company will host a conference call at 8:30 a.m. ET to discuss the results, with a live webcast available on its Investor Relations website.

The earnings release and related materials will also be accessible on the same site. The webcast replay and transcript will be available following the call.

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AT&T and Candle Media's ATTN: have partnered to produce a new documentary, Route to Connection, highlighting the digital divide in the U.S. The film, executive produced by Emmy Award-winner Eve Van Dyke, will focus on Amarillo, TX, a community with one of the lowest internet connectivity rates. The documentary follows three residents who benefit from improved internet access, showcasing their personal and professional growth. The film will be available on ATTN:'s YouTube and Facebook starting June 14, 2024. AT&T is also investing in high-speed internet infrastructure in Amarillo, aiming to serve 22,000 residents by September 2025.

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AT&T's CEO John Stankey will update shareholders at the 52nd Annual J.P. Morgan Global Technology, Media, and Communications Conference on May 21. The company continues to progress on its long-term growth strategy and aims to meet its financial guidance for 2024. AT&T's focus remains on 5G and fiber connectivity, with a capital investment forecast of $21-22 billion for 2024. The company has invested over $145 billion in wireless and wireline networks from 2019 to 2023 and plans to expand its fiber footprint to over 30 million locations by the end of 2025. Stankey will highlight the company's robust customer growth, cost-saving measures, and strategic initiatives like the Gigapower joint venture and Open Radio Access Networks (Open RAN).

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AT&T (NYSE:T) announced the preliminary results of its 2024 Annual Meeting of Stockholders held virtually in Dallas on May 16, 2024. All 11 nominees for the board of directors were re-elected for a one-year term. Ernst & Young was approved as the company's independent auditors with 95% of the votes. Executive officer compensation was approved with 90.3% of votes. Three stockholder proposals were defeated: adopting an independent board chairman (80.8% against), amending the clawback policy (90.4% against), and issuing a workforce civil liberties report (97.7% against). Final voting results will be filed with the SEC and posted on AT&T's Investor Relations and proxy websites.

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AT&T and AST SpaceMobile have entered a definitive commercial agreement to launch the first space-based broadband network for everyday cell phones, extending their collaboration until 2030. This partnership aims to enhance connectivity, with plans to launch initial satellites this summer. These satellites will enable commercial services demonstrated by successful voice, text, and video calls via space in 2023. Chris Sambar of AT&T will join AST SpaceMobile's board of directors, reinforcing this innovative collaboration. The agreement promises connectivity in remote areas, transforming how consumers and businesses access information.

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AT&T (NYSE:T) will webcast a fireside chat featuring John Stankey, CEO of AT&T, at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024. The event will start at 8:10 a.m. ET and will be available for live viewing and replay on AT&T Investor Relations.

This conference is a significant platform where industry leaders discuss key trends and developments. AT&T's participation highlights its ongoing efforts to engage with investors and stakeholders, emphasizing its commitment to innovation in 5G and multi-gig internet services.

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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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FAQ

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

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131.93B
7.16B
0.09%
59.59%
1.28%
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