At&T Stock Price, News & Analysis

The U.S. Department of Homeland Security's FEMA awarded AT&T four contracts valued at over $167 million to modernize its communications capabilities over five years. These contracts, under the General Services Administration's EIS contract, position AT&T as FEMA's primary communications provider. This partnership aims to enhance voice and data systems, wireless LAN capabilities, and contact center modernization. AT&T's efforts include transitioning FEMA's legacy technologies to modern solutions, crucial for effective disaster response.

AT&T announced the pre-order availability of the Samsung Galaxy S22 series from Feb. 9, with in-store availability starting Feb. 25. Customers can trade in any eligible device for up to $800 off the Galaxy S22 models, potentially making the base model free. Business customers can purchase the Galaxy S22 Ultra for as low as $199.99 with a two-year agreement. The devices feature 5G connectivity and enhanced camera capabilities. Customers can also enjoy 50% off select accessories with smartphone purchases.

AT&T and Digi International have partnered to offer smart traffic management solutions through NASPO contracts. The collaboration enables municipalities to efficiently upgrade aging traffic systems with minimal disruption. Key features include adaptive control, congestion detection, connected vehicles, and reliable backhaul communication. This integrated approach promises improved public safety and traffic flow while reducing maintenance costs. The solution has achieved a reliability rate of 99% in major cities like New York, positioning it as a viable choice for municipalities across the U.S.

AT&T is launching a new initiative to provide free home internet service for eligible households, leveraging the Affordable Connectivity Program (ACP). The Access from AT&T program now offers plans with speeds of up to 100 Mbps for only $30 per month, significantly increasing the previous maximum speed of 10 Mbps. Customers eligible for the ACP can receive internet services at no monthly charge, with additional options available for those on Tribal lands. The initiative aims to bridge the digital divide and enhance internet accessibility for low-income households.

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.