At&T Stock Price, News & Analysis

AT&T has secured a $161 million contract over 11 years to modernize the U.S. Coast Guard's (USCG) data communications networks under a Task Order from the Defense Information Technology Contracting Organization. This agreement positions AT&T as USCG's primary provider of data telecommunications globally, enhancing network efficiencies and capabilities. Services will include IP-based Wide Area Network and commercial satellite communication across 1,200 locations. The contract also facilitates USCG's usage of FirstNet for improved operational efficiency during critical missions.

AT&T's CEO, John Stankey, addressed shareholders at the UBS Global TMT Conference, highlighting strong demand trends in the wireless industry. He noted the company's growth in previously underpenetrated markets due to improved customer experience and network performance. Stankey expects postpaid phone ARPU to remain stable in 2022 while anticipating continued growth from AT&T’s fiber network. The pending WarnerMedia-Discovery transaction is progressing, with expectations for significant annual dividends post-completion, projected at $8 billion to $9 billion.

Xandr, AT&T's advanced advertising company, has launched a new feature on its platform designed to enhance the monetization of premium video supply. This feature standardizes content metadata, making it easier for publishers and buyers to identify and target video content effectively. By simplifying thousands of unique genre values into standardized categories such as duration and genre, Xandr aims to improve the user experience and drive additional spending in the marketplace. Currently, over 50% of transacted CTV impressions on Xandr Monetize incorporate this new content metadata.

AT&T CEO Jeff McElfresh spoke at the Wells Fargo Summit, highlighting the company's strong momentum in the wireless sector. Over five quarters, AT&T achieved nearly 4 million postpaid phone net additions and 1.4 million fiber net additions, with robust wireless service revenue and EBITDA growth. McElfresh noted the stabilization of postpaid phone ARPU and anticipates continued growth in wireless service revenues. He expressed confidence in maintaining a sustainable momentum, driven by improved customer experience and targeted strategies.

AT&T (NYSE:T) will webcast a presentation by Pascal Desroches, CFO, during the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, starting at 9:45 a.m. ET. The event is virtual, and interested viewers can access it live and for replay through AT&T Investor Relations. AT&T is a prominent telecommunications and media company serving over 100 million consumers and nearly 3 million businesses.

AT&T (NYSE:T) will host a webcast of a keynote address by CEO John Stankey at the UBS Global TMT Conference on Monday, December 6, 2021, starting at 12 p.m. ET. The event will be held virtually, and interested viewers can access the live stream and replay through AT&T Investor Relations. AT&T provides communication and entertainment services to over 100 million U.S. consumers and nearly 3 million business customers. More details about the company can be found at about.att.com.

AT&T will webcast a keynote address by CEO Jeff McElfresh at the Wells Fargo Technology, Media and Telecom Summit on Tuesday, November 30, 2021, starting at 9:20 a.m. ET. The presentation will be virtual, with a live and replay option available on AT&T Investor Relations. AT&T, a leader in telecommunications, serves over 100 million U.S. consumers and nearly 3 million business customers, offering various entertainment and communication services.

AT&T Inc. (NYSE:T) CFO Pascal Desroches provided updates on the company's wireless business at the Morgan Stanley European Technology, Media & Telecom Conference. He highlighted sustainable growth in wireless service revenue and EBITDA, expecting Q4 EBITDA to exceed Q3. Improved customer experience has reduced churn. Desroches anticipates stabilization in postpaid phone ARPU in 2022, driven by higher-ARPU plan adoption. He expressed confidence in HBO Max's growth, especially in international markets, and confirmed the pending WarnerMedia transaction is expected to close by mid-2022, with an annual dividend payout ratio of 40% to 43% on projected free cash flows.

AT&T has introduced a new managed cybersecurity solution aimed at U.S. federal agencies to modernize and secure their IT infrastructure in line with TIC 3.0 guidance. The AT&T Government Trusted Internet integrates SD-WAN technology, security measures, and fiber connectivity into a 24/7 managed service. This initiative addresses the increased cyber risks associated with the rise of mobile and cloud technologies and aims to enhance remote access and security for federal employees. The solution is immediately available and promotes a Zero Trust security framework.