At&T Stock Price, News & Analysis

AT&T has successfully completed its first milestone in demonstrating its 5G capabilities for the Department of Defense at Naval Base Coronado, achieving data speeds over 4 Gbps and latency under 10 ms. This demonstration marks a crucial step in the development of a 5G-enabled Smart Warehouse, aimed to enhance Navy logistics operations. The project was part of a $600 million DOD initiative to advance 5G technologies at military sites, with AT&T selected for two key locations. The next phase involves deploying 5G across a 120,000 sq. ft. warehouse for IoT and autonomous systems integration.

AT&T reported fourth-quarter revenues of $41.0 billion, a decrease of 10.4% year-over-year. The reported EPS was $0.69, recovering from a loss of ($1.95) in the previous year. Adjusted EPS was $0.78, slightly up from $0.75. Full-year revenues totaled $168.9 billion, down from $171.8 billion in 2020. However, free cash flow increased to $8.7 billion in Q4, contributing to a total of $26.8 billion for the year. The company added over 1 million fiber subscribers for the fourth consecutive year, indicating strong growth in its core communication services.

AT&T and Cricket Wireless have initiated enrollment for the Affordable Connectivity Program (ACP), designed to enhance broadband affordability for eligible users. This new $14 billion federal initiative replaces the Emergency Broadband Benefit (EBB) program and aims to bridge the digital divide. The ACP offers up to $30 per month for qualifying households and maintains a $75 benefit for households on Tribal lands. The program's eligibility criteria have expanded, allowing households on WIC benefits or those earning below 200% of federal poverty levels to qualify. Enrollment for the EBB has ended, but current beneficiaries will maintain their benefits until March 1.

DALLAS--(BUSINESS WIRE)--AT&T (NYSE:T) provided a fourth-quarter update at Citi’s AppsEconomy Conference. The company reported 1.3 million total postpaid net adds for Q4 2021, driven by 880,000 postpaid phone additions. For the full year, postpaid phone net adds reached 3.2 million, the highest in over a decade. Additionally, AT&T added 270,000 fiber subscribers in Q4 and achieved 1 million annual fiber net adds for the fourth consecutive year. The company ended the year with 73.8 million HBO Max and HBO subscribers, surpassing projections.

AT&T, in collaboration with NVIDIA, announces an exclusive 5G Technical Innovation partnership for GeForce NOW, enhancing mobile gaming experiences. New and existing AT&T 5G customers can enjoy a complimentary 6-month GeForce NOW Priority Membership, enabling access to nearly 100 free-to-play titles and PC games. The collaboration emphasizes AT&T's 5G network capabilities, promising low lag, fast speeds, and seamless streaming. With ongoing investments in 5G, AT&T aims to evolve gaming performance, ensuring a robust gaming experience for users.

AT&T has partnered with Smart Meter to enhance health outcomes for patients with chronic conditions such as diabetes and hypertension. The collaboration will utilize cellular remote patient monitoring (RPM) devices, including the iGlucose and iBloodPressure solutions, leveraging AT&T's reliable IoT network. Studies indicate significant health improvements for patients utilizing these devices. Simplifying RPM aids in patient adoption, while healthcare providers gain timely access to patient data, enhancing overall healthcare efficiency and quality.

AT&T and Cricket Wireless will join the new federal Affordable Connectivity Program (ACP), providing eligible households with a monthly benefit of up to $30 and $75 on Tribal lands for affordable broadband. Starting December 31, 2021, the ACP replaces the Emergency Broadband Benefit, targeting the digital divide impacting about 30% of American households. Customers can check eligibility and enroll through acpbenefit.org. Existing Emergency Broadband Benefit users will continue through March 1.

AT&T (NYSE:T) will host a keynote address by Pascal Desroches, CFO, during Citi's AppsEconomy Conference on January 5, 2022, at 10 a.m. ET. This event will be webcasted live and can also be accessed for replay via AT&T Investor Relations. Attendees are advised to log in a few minutes early. AT&T is a global leader in telecommunications and media, serving over 100 million U.S. consumers.