At&T Stock Price, News & Analysis

AT&T is partnering with the state of Indiana to expand its fiber network to nearly 6,100 homes, businesses, and farms across nine counties, backed by a $13 million investment. The project awaits finalization of a contract with the state. This initiative aims to close the digital divide and enhance broadband access in areas lacking high-speed internet. With an extensive fiber-optic deployment, AT&T plans to improve connectivity and offers internet speeds up to 5 Gbps. Indiana officials praise the collaboration for aiding local families and businesses.

AT&T Inc. (NYSE:T) announced a quarterly dividend of $0.2775 per share on common shares. Additionally, dividends were declared for preferred stocks: $312.50 for Series A and $296.875 for Series C. These dividends are payable on August 1, 2022, to stockholders of record as of July 11, 2022. This move reflects AT&T's commitment to returning value to shareholders amidst ongoing business developments.

Amarillo, Texas, has announced a $24M partnership with AT&T to expand fiber broadband access to over 22,000 locations in the city. This initiative aims to close the digital divide, enhancing internet availability for homes, businesses, and government agencies. The project is contingent upon city funding approval and a final contract. AT&T, the nation's largest fiber internet provider, has a long-standing presence in Texas and aims to deliver high-speed connections, with potential speeds of up to 5 Gbps.

During the Bank of America C-Suite TMT Conference, Jeff McElfresh, COO of AT&T (NYSE:T), provided insights to shareholders about the company's growth strategy. The focus remains on expanding 5G and fiber services, with growing customer relationships despite anticipated market challenges in 2022. McElfresh highlighted expectations for improving postpaid phone ARPU and profitability trends, driven by selective investments. The fiber build aims for over 30 million locations by 2025. However, government sector demand recovery remains a concern.

AT&T will release its second-quarter 2022 results on July 21, 2022, before the market opens. A conference call to discuss these results is scheduled for 8:30 a.m. ET on the same day. Investors can access the earnings release and related materials through the AT&T Investor Relations website. This quarterly report is crucial for assessing the company's performance, especially in light of its extensive 5G and multi-gig internet offerings, which are central to its strategy moving forward.

AT&T will host a virtual fireside chat featuring Jeff McElfresh, COO, at the Bank of America C-Suite TMT Conference on Thursday, June 23, 2022, starting at 9:50 a.m. ET. The session will be accessible live and on-demand at AT&T Investor Relations. With over 100 million connections across the U.S., AT&T continues to innovate in telecommunications, offering advanced 5G wireless and multi-gig internet services.

AT&T Inc. (NYSE:T) CFO Pascal Desroches provided a shareholder update at the Credit Suisse Annual Communications Conference, emphasizing the company's disciplined growth. Key highlights include continued customer growth in 5G and fiber, expected improvements in postpaid phone ARPU, and gradual mobility EBITDA growth despite second-quarter impacts. AT&T aims for over 30 million fiber locations by 2025, while also supporting affordable broadband access. Desroches reassured shareholders about financial flexibility and a goal of a net debt-to-adjusted EBITDA ratio of 2.5x by 2023.

AT&T will host a virtual fireside chat featuring Pascal Desroches, CFO, at the Credit Suisse Annual Communications Conference on June 14, 2022. The chat is set to start at 8:45 a.m. ET and will be available for live viewing and replay on the AT&T Investor Relations website. This event underscores AT&T's commitment to connecting over 100 million U.S. customers through innovative technology, including 5G and multi-gig internet.

John Stankey, CEO of AT&T, updated shareholders at the J.P. Morgan Global Technology, Media & Communications Conference. He emphasized the company's disciplined growth strategy, noting strong customer acquisition in wireless and fiber services. While mobile demand remains robust, it is not expected to match 2021 levels. The fiber build is progressing well, supported by competitive pricing. AT&T is also active in the Affordable Connectivity Program to bridge the digital divide with a $2 billion commitment. The company is managing inflationary pressures with targeted price adjustments and aims for $1 billion in cost reductions this year.