Welcome to our dedicated page for At&T news (Ticker: T), a resource for investors and traders seeking the latest updates and insights on At&T stock.
AT&T Inc. reports company news tied to its wireless, fiber broadband and fixed-network connectivity businesses. Recurring updates include financial results, operating-segment changes, network performance, AT&T Fiber, 5G service, converged connectivity offerings such as OneConnect, and digital customer tools such as the AT&T app.
AT&T news also covers dividend declarations on common and preferred shares, capital allocation plans, conference appearances, customer partnerships such as the AT&T Points Plus Card with Citi, and marketing or sponsorship activity connected to the company's connectivity services.
On January 6, 2023, at CES 2023 in Las Vegas, MedWand Solutions Inc. launched the Urban-Rural Healthcare Alliance, collaborating with AT&T, HP, and Oracle. This initiative aims to enhance healthcare access in underserved areas by merging urban medical centers with rural communities. MedWand's solutions enable remote clinical examinations, addressing staffing shortages and health equity. The recently FDA-cleared MedWand system offers various clinic configurations and real-time monitoring capabilities, improving patient outcomes and reducing healthcare costs.
AT&T CFO Pascal Desroches provided a shareholder update at the Citi Media & Entertainment Conference, emphasizing growth in 5G and fiber services despite expected industry slowdowns. He highlighted 2022 and 2023 as peak years for capital investment, aiming for a 2.5x net debt-to-adjusted EBITDA target. Desroches projected free cash flow growth driven by increased wireless revenue and fiber subscriber gains, although he noted potential offsets from higher cash taxes and reduced DIRECTV distributions. The company aims for over 30 million fiber locations by 2025.
AT&T will host a webcast featuring Pascal Desroches, CFO, at Citi's 2023 Communications, Media & Entertainment Conference on January 4, 2023, at 2:00 p.m. ET. The session aims to provide insights into the company's strategies and future plans. Interested attendees can access the live webcast and replay through AT&T Investor Relations. AT&T serves over 100 million U.S. customers and offers innovative solutions like 5G and multi-gig internet services.
AT&T has partnered with BlackRock to establish Gigapower, a joint venture focused on deploying a commercial fiber platform across the U.S. This initiative will provide fiber access to customers outside AT&T's traditional service areas, expanding its reach significantly. Gigapower aims to serve 1.5 million locations initially, contributing to AT&T's broader goal of reaching over 30 million fiber locations by 2025. The collaboration is poised to enhance internet connectivity, spur local economies, and support the digital economy.
AT&T has declared a quarterly dividend of $0.2775 per share on its common shares, payable on February 1, 2023. This follows the announcement of dividends for its 5.000% Perpetual Preferred Stock, Series A at $312.50 per preferred share and Series C at $296.875 per preferred share. The record date for these dividends is January 10, 2023. AT&T continues to serve over 100 million U.S. customers and nearly 2.5 million businesses, showcasing its commitment to connectivity and innovation.
At the UBS Global TMT Conference, AT&T COO Jeff McElfresh provided a positive update on the company’s growth strategies. He highlighted continued healthy customer growth in 5G and fiber services, supported by high demand. The company aims to reach over 30 million fiber locations by 2025, with present capabilities at 18.5 million for consumers and 3 million for businesses. Capital investments are projected around $24 billion for 2022, while free cash flow targets remain at $14 billion.
Delaware County, Indiana, has announced a $2.3 million project with AT&T to deliver fiber internet with speeds up to 5 Gbps to nearly 1,250 locations. The project, pending final contract approval, aims to enhance digital connectivity and economic opportunities in the area. AT&T's initiative underscores a public-private partnership to close the digital divide, improving internet access for residents and businesses alike. The buildout is expected to be completed within 18 months once the contract is finalized.
AT&T will hold a webcast of a fireside chat featuring COO Jeff McElfresh at the UBS Global TMT Conference on December 6, 2022, starting at 8:20 a.m. ET. The event will be accessible live and for replay on the AT&T Investor Relations website, encouraging attendees to log in early due to potential schedule changes. AT&T, serving over 100 million consumers and nearly 2.5 million businesses, continues to innovate in telecommunications.
AT&T's CFO, Pascal Desroches, spoke at the Morgan Stanley European Technology, Media & Telecom Conference, outlining the company's focus on growth through 5G and fiber. AT&T is experiencing healthy customer demand and has achieved cost savings from recent investments. The company reported accelerating third quarter adjusted EBITDA growth and aims to continue its fiber expansion, targeting over 30 million locations by 2025. Despite inflationary pressures, Desroches remains confident in AT&T's connectivity services and expects strong capital investment levels while maintaining free cash flow guidance.
AT&T has been awarded the 2022 US Dedicated Internet Access Market Leadership Award by Frost & Sullivan, highlighting its strong performance in the dedicated internet service market. The AT&T Dedicated Internet service, which serves approximately 9.5 million business locations in the U.S., utilizes a robust IP backbone that handles 535.7 petabytes of daily traffic. Features include dedicated bandwidth from 2 Mbps to 1 Tbps, robust SLAs, and enhanced customer service. The award recognizes AT&T's innovative offerings and distinguished brand strength in the telecommunications sector.