At&T Stock Price, News & Analysis

AT&T has announced a goal to help businesses reduce a gigaton of greenhouse gas emissions by 2035, equivalent to 1 billion metric tons. This initiative represents 15% of U.S. GHG emissions and aims to foster sustainability through partnerships with companies like Microsoft and Duke Energy. Between 2018 and 2020, AT&T's connectivity solutions helped cut over 72 million metric tons of CO2e in various sectors. The Connected Climate Initiative will further develop broadband-enabled climate solutions, supporting the transition to a net-zero economy.

AT&T has secured a significant agreement with the U.S. Department of State to deliver telecommunications solutions for over 270 diplomatic posts worldwide, with a potential value of $609 million over five years. The scope of services includes voice, data, mobile network connectivity, and cybersecurity protections, aimed at modernizing the State Department's communication operations. This contract signals AT&T's ongoing role as a trusted provider, facilitating efficient and reliable connectivity for U.S. diplomacy. The transition is set to enhance operational efficiency and reduce costs for the State Department.

General Motors and AT&T announced a partnership to integrate 5G cellular connectivity into GM vehicles over the next decade. This collaboration aims to enhance in-vehicle experiences with features like improved navigation, faster downloads, and secure software updates. The rollout will begin with select model year 2024 vehicles, while existing 4G LTE vehicles will also benefit from upgrades. This initiative aligns with GM's strategy for an all-electric and autonomous future, leveraging AT&T's extensive 5G network to set a new standard for automotive connectivity.

On August 17, 2021, the University of Tennessee, Knoxville (UT) and AT&T announced a partnership to enhance research capabilities using AT&T's 5G+ technology and Multi-Access Edge Computing (MEC) on the UT campus. This collaboration aims to transform several sectors, including education, healthcare, and defense, by providing ultra-fast connectivity and innovations in digital learning. The testbed installation for the 5G+ network is expected to be complete by Fall 2021, enabling immersive learning experiences and advanced research initiatives.

On August 16, 2021, AT&T announced significant expansions for FirstNet, the dedicated network for first responders. Key highlights include the rollout of 5G connectivity in 10 new cities, enhancing public safety communications. Additionally, AT&T introduced MegaRange technology, improving connectivity during emergencies, and launched nationwide interoperability with AT&T ESInet to bolster emergency response capabilities. First responders benefit from priority voice communications and enhanced data routing, with 5G access provided at no extra charge for subscribers. The network now covers 2.71 million square miles, aiming to extend 5G services to over 40 cities by the end of 2021.

AT&T Inc. (NYSE:T) recently updated shareholders at the Oppenheimer Technology Conference. CFO Pascal Desroches highlighted the company's positive momentum in 5G, fiber, and HBO Max, projecting gross capital investments around $22 billion for 2021. Service revenue growth is forecasted at 3%, with ongoing competitive challenges in the wireless sector. AT&T is simplifying its portfolio, completing the DIRECTV transaction, and preparing for the WarnerMedia-Discovery merger. Supply chain disruptions are affecting fiber deployment, but financial guidance remains intact.

Sony Pictures Entertainment has completed the acquisition of AT&T's Crunchyroll anime business through Funimation Global Group for $1.175 billion. This acquisition adds significant value to Sony's anime operations, which already include Funimation and Aniplex. Crunchyroll serves 5 million SVOD subscribers and has 120 million registered users across over 200 countries. The deal targets enhancing distribution and fan engagement in the anime sector, allowing for a unified subscription experience across various platforms.

Los Angeles City Fire Department and County Department of Public Health are enhancing public safety communications through a collaboration with FirstNet and Safe Environment Engineering. Utilizing FirstNet's high-speed broadband, first responders will access vital data and capabilities in the field. The IoT solutions from Safe Environment Engineering enable effective monitoring of hazardous situations. This partnership aims to increase reliability and security in communications, crucial for emergency responses. FirstNet, built with AT&T, is dedicated to serving first responders nationwide, improving overall safety.

AT&T will webcast a talk with CFO Pascal Desroches at the Oppenheimer Annual Technology, Internet & Communications Conference on August 10, 2021, at 9:05 a.m. ET. The event will be held virtually and can be accessed live, with a replay available afterward on the AT&T Investor Relations website. AT&T, trading under NYSE: T, is a global leader in telecommunications and media, serving over 225 million monthly subscriptions across its services. Viewers are advised to tune in a few minutes early to accommodate any schedule changes.