John Stankey to Update Shareholders at UBS Global Media & Communications Conference on Dec. 9

Rhea-AI Summary

AT&T (NYSE:T) announced that Chairman and CEO John Stankey will speak at the UBS Global Media & Communications Conference on Dec. 9 at 8:15 a.m. ET to update shareholders on the company’s multi-year growth strategy.

Key points: AT&T reiterated full-year 2025 and multi-year guidance, including $4 billion of share repurchases in 2025 and an expected $20 billion repurchase capacity for 2025–2027; the company expects to close transactions to acquire Lumen’s mass‑markets fiber business and EchoStar mid‑band spectrum in early 2026 (subject to closing conditions and regulatory approvals); AT&T targets >60 million fiber locations by end of 2030 and expects net debt/adjusted EBITDA to return to ~2.5x within ~three years of closing the EchoStar purchase.

Positive

• $4 billion of share repurchases planned for 2025
• Expected $20 billion repurchase capacity during 2025–2027
• Agreements to acquire Lumen mass‑markets fiber and EchoStar spectrum; expected close early 2026
• Target to reach >60 million total fiber locations by end of 2030

Negative

• Lumen and EchoStar transactions are subject to regulatory approvals, risking timing or terms
• Company expects seasonally lower postpaid phone ARPU in Q4 2025
• Net debt remains elevated until transactions close; target to return to ~2.5x net debt/adjusted EBITDA within ~three years of EchoStar close

News Market Reaction

-1.33%

1 alert

-1.33% News Effect

On the day this news was published, T declined 1.33%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

2025 share repurchases: $4 billion Repurchase capacity: $20 billion Conference time: 8:15 a.m. ET +4 more

7 metrics

2025 share repurchases $4 billion Planned share repurchases in 2025 per reiterated guidance

Repurchase capacity $20 billion Expected share repurchase capacity during 2025-2027

Conference time 8:15 a.m. ET Start time for UBS fireside chat with CEO on Dec. 9, 2025

Fiber locations goal 60 million+ locations Target total fiber locations by end of 2030

Leverage target 2.5x net debt-to-adjusted EBITDA Target ratio within ~3 years of EchoStar spectrum purchase closing

Cities with upgraded spectrum 5,300+ cities Reach of mid-band spectrum deployment across 48 states

States covered 48 states Coverage for upgraded mid-band spectrum (excluding Alaska and Hawaii)

Market Reality Check

Price: $23.59 Vol: Volume 40,902,115 vs 20-d...

normal vol

$23.59 Last Close

Volume Volume 40,902,115 vs 20-day average 40,600,151 (about 1% higher), indicating typical trading interest ahead of the conference update. normal

Technical Shares at $24.84 are trading about 9% below the $27.29 200-day moving average, reflecting a still-subdued longer-term trend despite reiterated guidance.

Peers on Argus

AT&T fell 0.43% while major peers like TMUS (-2.43%), CMCSA (-2.49%), VZ (-1.08%...

AT&T fell 0.43% while major peers like TMUS (-2.43%), CMCSA (-2.49%), VZ (-1.08%), AMX (-1.02%) and CHTR (-0.31%) also traded lower, suggesting broader telecom and cable softness even as AT&T reiterated its outlook.

Historical Context

5 past events · Latest: Dec 02 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Conference webcast	Neutral	-0.8%	Announcement of UBS fireside chat webcast timing and access details.
Dec 01	Earnings date set	Neutral	-0.9%	Scheduling of Q4 2025 earnings release and conference call.
Nov 26	Consumer survey release	Neutral	-0.1%	Holiday shopping survey highlighting small-business consumer preferences.
Nov 20	Event connectivity	Positive	+1.0%	Connectivity and public-safety support for Las Vegas F1 race week.
Nov 17	5G capacity boost	Positive	-0.5%	Deployment of 3.45 GHz spectrum to ~23,000 sites in 5,300 cities.

Pattern Detected

Recent AT&T headlines about conferences, operational updates and surveys have typically produced modest single-day share moves, suggesting limited short-term trading impact from similar news.

Recent Company History

Over the last month, AT&T news has focused on investor communications, network investments and brand initiatives. A UBS conference webcast announcement on Dec 2, 2025 and the Q4 2025 earnings date notice on Dec 1, 2025 both saw small negative moves. Earlier, AT&T highlighted consumer survey data on small businesses, showcased connectivity at the Las Vegas F1 event, and detailed nationwide 5G capacity boosts using EchoStar spectrum. Today’s guidance reiteration and strategic update build directly on that network expansion and capital return narrative.

Market Pulse Summary

This announcement reiterates AT&T’s full-year 2025 and multi-year guidance, highlighting planned $4 ...

Analysis

This announcement reiterates AT&T’s full-year 2025 and multi-year guidance, highlighting planned $4 billion in 2025 buybacks and $20 billion in repurchase capacity for 2025‑2027. It underscores ongoing 5G and fiber expansion, including a goal of more than 60 million fiber locations by 2030 and a net debt-to-adjusted EBITDA target near 2.5x. Investors may watch progress on closing the EchoStar spectrum and Lumen fiber deals and subsequent impacts on service revenue and free cash flow.

Key Terms

spectrum manager lease, mid-band spectrum, net debt-to-adjusted EBITDA ratio, free cash flow

4 terms

spectrum manager lease technical

"deploying the mid-band spectrum it has agreed to acquire from EchoStar – under a short-term spectrum manager lease – unlocking"

A spectrum manager lease is a regulatory arrangement where the holder of radio frequency rights lets another party run and coordinate wireless use of that spectrum while the original holder retains legal responsibility. Think of it like lending someone a car to drive and manage day‑to‑day but keeping the registration and final say; investors care because it affects who operates services, who earns revenue, and what regulatory risks and liabilities sit with each party.

mid-band spectrum technical

"This includes deploying the mid-band spectrum it has agreed to acquire from EchoStar – under a short-term"

Mid-band spectrum is a range of radio frequencies used for wireless services that sits between low-frequency bands (which travel far) and high-frequency bands (which carry lots of data over short distances). It matters to investors because this range offers a practical balance of coverage and capacity for mobile networks and 5G services, influencing how quickly and reliably carriers can expand service, attract customers, and generate revenue—think of it as the medium-speed, multi-lane highway for wireless data.

net debt-to-adjusted EBITDA ratio financial

"AT&T continues to expect that its net debt-to-adjusted EBITDA ratio will return to its target in the 2.5x range"

Net debt-to-adjusted EBITDA ratio compares a company's net debt (total borrowings minus cash) to its core annual earnings before interest, taxes, depreciation and amortization after removing one-time or unusual items. It tells investors how many years of those normalized operating earnings would be needed to pay off the company's net debt, like comparing remaining mortgage debt to a household’s steady take-home pay to judge financial strain and default risk.

free cash flow financial

"while reducing its net debt-to-adjusted EBITDA ratio, supported by improved long-term growth in service revenue, adjusted EBITDA and strong free cash flow from the Lumen and EchoStar transactions."

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

AI-generated analysis. Not financial advice.

DALLAS, Dec. 8, 2025 /PRNewswire/ --

Tomorrow, AT&T's Chairman and Chief Executive Officer will participate in a fireside chat at 8:15 a.m. ET to discuss the Company's progress on its multi-year growth strategy

Key Takeaways:

• AT&T reiterates all full-year 2025 and multi-year financial guidance and capital return plans provided with its third-quarter 2025 earnings report, including $4 billion of share repurchases in 2025 and an expected $20 billion of share repurchase capacity during 2025-2027
• AT&T continues to win 5G and fiber customers through solid execution on its multi-year growth plan centered on putting customers first
• AT&T expects to close its transactions with Lumen and EchoStar in early 2026

John Stankey, Chairman and Chief Executive Officer, AT&T (NYSE:T), will speak tomorrow at the UBS Global Media & Communications Conference where he will provide an update to shareholders. Stankey is expected to cover the following key topics.

AT&T's differentiated investment-led strategy positions the Company to become America's leading advanced connectivity provider
AT&T remains committed to accelerating access to advanced high-speed internet and wireless connectivity for millions of Americans in the way they prefer – with fiber and 5G together.

The Company is making significant progress in modernizing and strengthening its network. This includes deploying the mid-band spectrum it has agreed to acquire from EchoStar – under a short-term spectrum manager lease – unlocking substantial increases in speed and capacity for customers in more than 5,300 cities across 48 states¹. In addition to supporting expanded availability of AT&T Internet Air in 2026, AT&T expects this transaction to support strong and sustained growth in its high-value base of converged customers that subscribe to both its home internet and 5G wireless services. The transaction is expected to close in early 2026, subject to certain closing conditions, including regulatory approvals.

AT&T expects to continue accelerating the pace of its fiber reach through its organic capital investment and through its agreement to acquire substantially all of Lumen's Mass Markets fiber internet connectivity business, which is expected to close in early 2026, subject to certain regulatory and other customary closing conditions. The Company remains on track to reach more than 60 million total fiber locations by the end of 2030².

These actions to enhance the Company's wireless and fiber networks will drive investment in critical U.S. connectivity infrastructure, create new jobs and accelerate access to advanced high-speed internet connectivity through fiber and 5G.

AT&T is seeing solid customer demand and remains on track to achieve its 2025 financial guidance
AT&T reiterates all full-year 2025 and multi-year financial guidance and capital return plans provided with its third-quarter 2025 earnings report, including $4 billion of share repurchases in 2025 and an expected $20 billion of share repurchase capacity during 2025-2027.

AT&T is pleased with how the Mobility business is performing and continues to expect seasonally lower postpaid phone ARPU in the fourth quarter. The Company continues to expand access to AT&T Fiber – the fastest, top-rated internet nationwide³ – and AT&T Internet Air. AT&T continues to expect that subscriber net additions for each of these services will be higher during the second half of 2025 than it reported during the first half of the year, including an expectation for seasonal trends in net adds during the fourth quarter.

Consistent with recent trends, the Company expects its operating performance in the fourth quarter to show gains in its base of customers that subscribe to both AT&T Fiber and its Mobility services.

AT&T continues to expect that its net debt-to-adjusted EBITDA ratio will return to its target in the 2.5x range within approximately three years of closing the EchoStar spectrum purchase.

The Company expects to maintain a consistent approach to capital returns during 2028-2029 while reducing its net debt-to-adjusted EBITDA ratio, supported by improved long-term growth in service revenue, adjusted EBITDA and strong free cash flow from the Lumen and EchoStar transactions.

Conference details and more are available on the AT&T Investor Relations website
Tune in for the fireside chat with John Stankey at the UBS Global Media & Communications Conference, scheduled to begin at 8:15 a.m. ET. The webcast will be available live and for replay on the AT&T Investor Relations website.

To automatically receive AT&T financial news by email, please subscribe to email alerts.

1 Excludes Alaska and Hawaii

2 "Total locations" includes consumer and business locations (i) passed with fiber and (ii) served with fiber through commercial open-access providers.

3 Based on analysis by Ookla® of Speedtest Intelligence® data for Q1/Q2 2025. Ookla trademarks used under license and reprinted with permission.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's website at investors.att.com.

© 2025 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

View original content to download multimedia:https://www.prnewswire.com/news-releases/john-stankey-to-update-shareholders-at-ubs-global-media--communications-conference-on-dec-9-302635721.html

SOURCE AT&T

FAQ

When will John Stankey speak about AT&T (T) at the UBS Global Media & Communications Conference?

John Stankey will speak on Dec. 9 at 8:15 a.m. ET with a live webcast available on AT&T investor relations.

What share repurchase plans did AT&T (T) confirm for 2025 and 2025–2027?

AT&T reiterated $4 billion of repurchases in 2025 and an expected $20 billion repurchase capacity during 2025–2027.

When does AT&T (T) expect to close the Lumen and EchoStar transactions?

AT&T expects both the Lumen mass‑markets fiber deal and the EchoStar spectrum purchase to close in early 2026, subject to closing conditions and regulatory approvals.

What fiber rollout target did AT&T (T) restate and by when?

AT&T remains on track to reach more than 60 million total fiber locations by the end of 2030.

How will the EchoStar purchase affect AT&T's leverage ratio (net debt/adjusted EBITDA)?

AT&T expects net debt/adjusted EBITDA to return to about 2.5x within approximately three years of closing the EchoStar purchase.