At&T Stock Price, News & Analysis

AT&T has opened its 20th Connected Learning Center (CLC) in Detroit, part of a broader initiative to establish 50 centers nationwide in collaboration with Boys & Girls Clubs. This project is part of a $2 billion commitment from 2021-2023 aimed at bridging the digital divide by providing communities with internet access, computers, and digital skills. The centers offer free resources including AT&T Fiber internet and tutoring, assisting students and families in underserved areas. CEO John Stankey emphasizes the importance of these centers for fostering educational and economic success.

AT&T (NYSE: T) reported strong subscriber growth in Q3, adding 708,000 postpaid phone subscribers and over 2.2 million overall. The company also achieved 338,000 net adds in AT&T Fiber, driving a 5.6% increase in wireless service revenues—the best growth in over a decade. Consolidated revenues from continuing operations were $30 billion, with diluted EPS at $0.79. The firm expects adjusted EPS for the full year to exceed $2.50, underpinned by robust cash flow of $3.8 billion.

AT&T has launched a new fiber-optic network in Vanderburgh County, Indiana, as part of a $39 million deployment. CEO John Stankey announced the initiative, which will provide broadband access to over 20,000 locations in a rural area where one-third lacked fixed broadband. The project is funded through a public-private partnership, with Vanderburgh County contributing $9.9 million and AT&T covering $29.7 million. The network will deliver speeds up to 5 Gbps and is expected to enhance connectivity for residents and businesses by November 2023.

AT&T Inc. (NYSE:T) has declared a quarterly dividend of $0.2775 per share for its common stock. Additionally, quarterly dividends for its 5.000% Perpetual Preferred Stock, Series A and 4.750% Perpetual Preferred Stock, Series C were announced. The Series A dividend is $312.50 per preferred share, and the Series C dividend is $296.875 per preferred share. All dividends are payable on November 1, 2022, to stockholders of record by October 10, 2022.

AT&T (NYSE:T) will announce its third-quarter 2022 financial results on October 20, 2022, before the NYSE opens. A conference call to discuss the results will follow at 8:30 a.m. ET on the same day. Investors can find earnings reports and related materials on the AT&T Investor Relations website.

With a customer base exceeding 100 million across the U.S., AT&T focuses on delivering innovative 5G wireless and multi-gig internet services to enhance connectivity.

REVOLT, a leading Black-owned multimedia platform, announces a significant increase in global brand presence for the upcoming REVOLT Summit x AT&T, scheduled for September 24-25 in Atlanta, Georgia. This event emphasizes the commitment of corporations to diversity, equity, and inclusion by amplifying Black voices. Key sponsors include AT&T, State Farm, and McDonald's. The summit will feature engaging panels and live entertainment, focusing on Community, Commerce, and Connectivity. CEO Detavio Samuels highlights the growing influence of REVOLT and the importance of partnerships in empowering young Black leaders.

The City of Martinsville, Indiana, and AT&T are partnering to deliver AT&T Fiber to over 5,000 locations within the city, a project valued at $6.3 million. The initiative aims to improve internet access and speed, offering up to 5 Gigs for residents and businesses. Following city council approvals on Sept. 12, planning and engineering will start after the final contract is finalized, with project completion expected in 24 months. This collaboration highlights AT&T's commitment to closing the digital divide and enhancing connectivity in Indiana.

In a recent address at the Goldman Sachs Communicopia + Technology Conference, AT&T CEO John Stankey highlighted the company's disciplined approach to growth and investment. Key takeaways include strong customer additions in 5G and fiber sectors, with AT&T Fiber achieving elevated penetration rates. The company aims for over $4 billion in cost savings by year-end, while continuing significant investments in connectivity. Stankey expressed confidence in the customer demand and operational effectiveness, projecting positive outcomes from recent pricing actions and government support for broadband expansion.

Lockheed Martin and AT&T recently demonstrated a significant advancement in military helicopter data transfer, reducing the time from 30 minutes to under 5 minutes using 5G technology. Conducted on August 4, 2022, the test involved the Sikorsky UH-60M Black Hawk and showcased secure interoperability between AT&T's 5G private cellular network and Lockheed Martin's 5G.MIL pilot network. This innovation aims to enhance aircraft readiness, reduce maintenance costs, and ensure timely data analysis critical to military operations.