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) generates frequent news as a major U.S. telecommunications company focused on 5G wireless and multi-gig internet connectivity. Company releases emphasize how AT&T connects more than 100 million U.S. families, friends and neighbors, plus millions of businesses, through its wireless and broadband networks. This news page aggregates those company announcements and related coverage in one place.
Visitors can review updates on AT&T’s network investments, such as the deployment of mid-band spectrum it agreed to acquire from EchoStar to thousands of cell sites across many cities, intended to increase 5G speed and capacity for both mobility and AT&T Internet Air customers. News items also cover AT&T’s multi-year growth plan centered on expanding advanced high-speed internet and wireless connectivity, including references to planned fiber expansion and agreements related to fiber internet businesses, subject to regulatory and customary conditions.
AT&T’s news flow also highlights partnerships and specialized connectivity solutions. Recent releases describe collaborations with Mitsubishi Motors North America to embed AT&T 5G in a flagship SUV for connected car services, and joint efforts with organizations in senior care and healthcare-related fields to deliver immersive virtual reality therapeutics over AT&T’s secure and reliable 5G network. Other stories show AT&T powering large events, such as a Formula 1 race week in Las Vegas, where the company supports race team data, fan connectivity, and public safety communications through FirstNet, Built with AT&T.
Investors and observers can also follow capital allocation and financial communications, including dividend declarations on common and preferred shares, share repurchase plans mentioned in conference remarks, and schedules for quarterly earnings releases and investor webcasts. Bookmark this page to access a running record of AT&T’s official announcements, strategic updates, and sector-specific initiatives.
AT&T reported strong Q2 2024 results, demonstrating consistent 5G and fiber customer growth. Key highlights include:
- Revenues of $29.8 billion
- Diluted EPS of $0.49; adjusted EPS of $0.57
- 419,000 postpaid phone net adds
- 239,000 AT&T Fiber net adds
- Mobility service revenues up 3.4% YoY to $16.3 billion
- Consumer broadband revenues up 7.0% YoY to $2.7 billion
AT&T reiterated its full-year 2024 guidance, including wireless service revenue growth of ~3%, broadband revenue growth of 7%+, and free cash flow of $17-$18 billion. The company expects to achieve net debt-to-adjusted EBITDA in the 2.5x range by H1 2025 and pass 30 million+ locations with fiber by end-2025.
In April, AT&T (NYSE: T) detected illegal downloads of customer data from a third-party cloud platform. An investigation, involving top cybersecurity experts, was promptly launched to assess the criminal activity's scope. Law enforcement efforts led to at least one arrest.
The breach impacted records of calls and texts for nearly all AT&T cellular customers, MVNO customers using AT&T's network, and landline customers whose numbers interacted with cellular numbers between May 1, 2022, and October 31, 2022. Additionally, records for a small subset of customers from January 2, 2023, were affected. The data included telephone numbers and, in some cases, cell site identification numbers but excluded content of communications and personal identifiers like Social Security numbers.
AT&T assures that there is no evidence the data is publicly accessible. The company will notify affected customers and offer resources for data protection. For more information, visit att.com/DataIncident.
AT&T's board of directors declared a quarterly dividend of $0.2775 per share on the company's common shares, payable on August 1, 2024. Dividends were also declared for the company's 5.000% Perpetual Preferred Stock, Series A, at $312.50 per preferred share ($0.3125 per depositary share) and for the company's 4.750% Perpetual Preferred Stock, Series C, at $296.875 per preferred share ($0.296875 per depositary share). All dividends are payable on August 1, 2024, to stockholders of record as of July 10, 2024.
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.
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.
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.
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.
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.
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).
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.