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 is expanding its fiber internet service to the Mesa, Arizona area, aiming to provide high-speed broadband to over 100,000 homes by 2023. The company plans to offer speeds of up to 5 Gbps, enhancing connectivity for education, jobs, and healthcare. The investment aligns with AT&T's strategy to lead in fiber deployment and capitalize on its relationship with fiber supplier Corning, which is establishing a new cable manufacturing facility nearby. This expansion is part of AT&T's broader goal to enhance fiber accessibility nationwide.
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AT&T Fleet Complete has launched the FC Insights Solution Suite, a comprehensive suite for fleet management that leverages AI-powered video telematics and automated ELD tools. This IoT platform, designed for commercial fleet operations, offers web and mobile applications for real-time monitoring. Key features include the FC Hub for effective fleet management, FC Vision for safety with video telematics, and FC BigRoad ELD for compliance. The solution aims to enhance efficiency and safety across fleet operations, with a user-friendly interface for easy navigation.
AT&T and Warner Bros. Discovery have announced a new agreement allowing AT&T to provide HBO Max to its internet and mobility customers. This collaboration ensures continued access to HBO Max's original programming, enhancing customer retention and service flexibility. The agreement reflects a strategic move for both companies, aligning with AT&T's existing financial guidance. HBO Max, which offers a diverse range of content, continues to expand globally since its launch in May 2020.
AT&T is collaborating with Louisiana to establish a high-speed fiber network, impacting nearly 9,800 homes, businesses, and farms across 13 parishes. The $19 million project awaits a final contract between AT&T and the state. This initiative will include extensive design and engineering work upon agreement execution. Currently, over 420,000 locations in Louisiana have access to AT&T Fiber, offering up to 5-Gig symmetrical speeds. This effort is part of AT&T's commitment to bridging the digital divide and enhancing connectivity for residents and businesses in Louisiana.
AT&T Inc. (NYSE: T) reported strong second-quarter results, achieving over 800,000 postpaid phone net adds, the best in a decade. The company also gained over 300,000 AT&T Fiber net adds, totaling nearly 2.3 million in two years. Revenues stood at $29.6 billion, with a diluted EPS of $0.59. Adjusted EPS was $0.65, reflecting a year-over-year revenue decline of 17.1% due to divestitures. AT&T raised its Mobility service revenue guidance to 4.5-5% but reduced full-year free cash flow guidance to approximately $14 billion due to heavy investments. Cash from operations was $7.7 billion, with a net debt of $131.9 billion.
AT&T is partnering with the state of Indiana to expand its fiber network to nearly 6,100 homes, businesses, and farms across nine counties, backed by a $13 million investment. The project awaits finalization of a contract with the state. This initiative aims to close the digital divide and enhance broadband access in areas lacking high-speed internet. With an extensive fiber-optic deployment, AT&T plans to improve connectivity and offers internet speeds up to 5 Gbps. Indiana officials praise the collaboration for aiding local families and businesses.
AT&T Inc. (NYSE:T) announced a quarterly dividend of $0.2775 per share on common shares. Additionally, dividends were declared for preferred stocks: $312.50 for Series A and $296.875 for Series C. These dividends are payable on August 1, 2022, to stockholders of record as of July 11, 2022. This move reflects AT&T's commitment to returning value to shareholders amidst ongoing business developments.
Amarillo, Texas, has announced a $24M partnership with AT&T to expand fiber broadband access to over 22,000 locations in the city. This initiative aims to close the digital divide, enhancing internet availability for homes, businesses, and government agencies. The project is contingent upon city funding approval and a final contract. AT&T, the nation's largest fiber internet provider, has a long-standing presence in Texas and aims to deliver high-speed connections, with potential speeds of up to 5 Gbps.
During the Bank of America C-Suite TMT Conference, Jeff McElfresh, COO of AT&T (NYSE:T), provided insights to shareholders about the company's growth strategy. The focus remains on expanding 5G and fiber services, with growing customer relationships despite anticipated market challenges in 2022. McElfresh highlighted expectations for improving postpaid phone ARPU and profitability trends, driven by selective investments. The fiber build aims for over 30 million locations by 2025. However, government sector demand recovery remains a concern.