At&T Stock Price, News & Analysis

AT&T has launched the first nationwide location-based routing for 9-1-1 calls, enhancing emergency response efficiency. This system accurately determines a caller's location using GPS, reducing error margins to 50 meters, a significant improvement over the previous 10-mile radius method. The rollout is active in multiple states, with full implementation expected by June. Approximately 80% of 9-1-1 calls are now made from mobile devices. This initiative aims to provide faster, more reliable emergency services, showcasing AT&T's commitment to public safety and innovative communication solutions.

AT&T is supporting small businesses during National Small Business Week (May 1-7, 2022) with new offers including free credit card processing on up to $10K in sales from Square for customers of AT&T Business Fiber or Wireless Broadband. The initiative includes a sweepstakes with a grand prize of $10,000. Additionally, AT&T continues its Smart Advice for Small Business webinar series, featuring entrepreneur Barbara Corcoran. This effort aims to enhance the success of over 2 million small business customers.

Los Angeles Unified School District and AT&T are providing free high-speed broadband to students' homes through the FCC's Emergency Connectivity Fund until June 2023. This initiative, part of Superintendent Alberto M. Carvalho's 100-Day Plan, addresses the Homework Gap faced by 19% of households in Los Angeles County lacking reliable internet. Families with enrolled students can sign up for AT&T FIBER services with speeds up to 1 GIG. The program aims to enhance educational access and digital literacy, ensuring students have essential tools for academic success.

AT&T has secured a task order worth $15 million over 11 years from the Defense Information Systems Agency to modernize GuardNet, the Army National Guard's command and control network. The modernization aims to enhance telecommunications services to over 124,000 users across various locations. By improving network capabilities, such as virtual private networking and high-speed secure cloud connectivity, AT&T is positioned to support the Army National Guard's training and mission execution effectively.

AT&T has announced enhancements to its Unlimited Elite plan, which now includes unlimited talk, text, and high-speed data in 19 Latin American countries at no extra cost. The upgrade, effective May 3, 2022, also includes the launch of the new ActiveArmor mobile security app, consolidating existing security features into a single platform. Additionally, customers on the Unlimited Starter plan will receive 3GB of mobile hotspot data at no added cost. These changes aim to improve customer experience in travel and security.

Xandr has launched a standardized data framework in collaboration with leading data providers including 605, Comscore, and VideoAmp. This initiative facilitates the quick evaluation and activation of alternative data currencies for data-driven TV advertising campaigns via its advanced platforms, Invest TV and Monetize TV. The multi-currency marketplace shift aims to streamline audience targeting and improve measurement efficacy, enhancing value for advertisers amid evolving industry demands leading up to the 2022/23 Upfronts.

AT&T reported first-quarter revenues of $38.1 billion, down 13.3% year-over-year, primarily due to divestitures. Diluted EPS decreased to $0.65 from $1.02 a year ago. However, the company achieved strong customer growth, adding 691,000 postpaid phone net adds, marking its best first quarter for this metric in over a decade. Cash from operations totaled $5.7 billion with free cash flow at $0.7 billion, down from $4.2 billion last year. The net debt increased by $12.8 billion, resulting in a net debt-to-adjusted EBITDA of 3.42x.