At&T Stock Price, News & Analysis

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.

AT&T's CFO, Pascal Desroches, updated shareholders at the Bank of America Media, Communications, and Entertainment Conference, emphasizing a disciplined growth strategy. Key highlights include strong customer additions in 5G and fiber, with AT&T able to serve 18 million locations. Postpaid phone churn remains low, and expectations for improved cash conversion in 2023 are strengthened by anticipated growth in service revenue and reduced interest costs. The company projects $14 billion in free cash flow, ensuring financial flexibility to meet its $8 billion dividend commitment even with increased capital investments.

AT&T will host a live webcast of a fireside chat with CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 1 p.m. ET. The event will be accessible via AT&T Investor Relations, offering both live streaming and replay options. This conference highlights AT&T's commitment to driving connectivity and innovation for over 100 million U.S. customers. Interested viewers are encouraged to tune in a few minutes early in case of scheduling changes.

Sean 'Diddy' Combs announced the theme "The Future is Now" for the REVOLT Summit x AT&T, set to take place in Atlanta, GA, on September 24-25, 2022. This immersive two-day event will feature prominent cultural leaders, including Coi Leray and Gucci Mane, with activities such as live viewings of REVOLT's popular programs, interactive panels, and performances. Attendees can participate in the Be Heard Finale, Pitch Competition, and Career Fair, aiming to empower the next generation of cultural influencers. Tickets are available at REVOLTSummit.com.

AT&T announces enhancements to FirstNet, focused on public safety's communication needs. The initiative includes expanding 5G services in 40 cities, providing Cell Booster Pros to first responders at no cost, and boosting 9-1-1 resiliency across Tennessee. AT&T ESInet will now be integrated with FirstNet to ensure reliable 9-1-1 services, routing calls to remote PSAPs during outages. With over 21,800 agencies using FirstNet, this expansion meets the critical connectivity needs of first responders, ultimately protecting nearly 7 million residents in Tennessee.

AT&T (NYSE:T) will participate in a fireside chat at the Bank of America Media, Communications and Entertainment Conference on September 7, 2022, at 11 a.m. ET. The discussion will feature Pascal Desroches, AT&T's Chief Financial Officer. Investors can access the live webcast and replay through the AT&T Investor Relations website. This event highlights AT&T's commitment to investor engagement as it continues to innovate in the telecommunications sector.

AT&T is expanding its fiber internet service to the Mesa, Arizona area, aiming to provide high-speed broadband to over 100,000 homes by 2023. The company plans to offer speeds of up to 5 Gbps, enhancing connectivity for education, jobs, and healthcare. The investment aligns with AT&T's strategy to lead in fiber deployment and capitalize on its relationship with fiber supplier Corning, which is establishing a new cable manufacturing facility nearby. This expansion is part of AT&T's broader goal to enhance fiber accessibility nationwide.