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.
AT&T (NYSE:T) will hold a webcast fireside chat featuring Pascal Desroches, CFO, at the Annual Deutsche Bank Media, Internet & Telecom Conference on February 27, 2023, starting at 9:40 a.m. ET. The event will be available live and for later replay on the AT&T Investor Relations website. Investors interested in the company's latest developments should tune in early to accommodate any schedule adjustments.
AT&T serves over 100 million U.S. consumers and nearly 2.5 million businesses, helping connect them to innovative solutions, from 5G wireless to multi-gig internet.
Frontier (NASDAQ: FYBR) and AT&T (NYSE: T) announced a new agreement to enhance wireless infrastructure. This collaboration enables AT&T to deploy its wireless services leveraging Frontier's extensive fiber network, particularly in areas lacking fiber connectivity. The partnership builds on their existing relationship and aims to improve the resiliency and speed of AT&T's wireless offerings, especially for 5G. As the first tenant to utilize Frontier's central offices, AT&T will connect its cell towers to Frontier's fiber-to-the-tower (FTTT) infrastructure. This deal is pivotal for both companies in meeting growing data demands.
AT&T (NYSE: T) reported robust subscriber growth, with 656,000 postpaid phone net adds and 280,000 AT&T Fiber net adds, marking the twelfth consecutive quarter of over 200,000 Fiber net adds. The company achieved a 5.2% increase in domestic wireless service revenues and 7.2% growth in consumer broadband revenues driven by Fiber's substantial rise of over 31%. Despite substantial non-cash charges leading to a reported EPS loss of ($3.20), adjusted EPS improved to $0.61. Looking forward, AT&T anticipates 4%+ wireless revenue growth and a free cash flow of $16 billion+ for 2023.
AT&T (NYSE:T) will announce its fourth-quarter 2022 results on January 25, 2023, before market opening. The earnings release and materials will be accessible through AT&T Investor Relations. A conference call is scheduled for 8:30 a.m. ET on the same day, with a live webcast available on their investor site, including a replay and transcript afterward. AT&T continues to serve over 100 million customers and 2.5 million businesses, enhancing connectivity through innovation in 5G and multi-gig internet.
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.