At&T Stock Price, News & Analysis

AT&T (NYSE: T) has completed a structured sale-leaseback transaction with Reign Capital, involving 74 properties across the country totaling over 13 million square feet. The deal, closed on January 8, 2025, generates more than $850 million in upfront cash proceeds for AT&T and includes future revenue sharing from redevelopment opportunities.

The transaction involves underutilized central office facilities originally built for legacy copper networks. As AT&T transitions to fiber and wireless technology, these facilities require less space due to more efficient equipment. The company will lease back only the necessary space for network operations, maintaining operational control of critical infrastructure while reducing its real estate footprint.

This deal follows a similar 2021 transaction with Reign Capital involving 13 properties and 3 million square feet, which generated over $300 million in cash. AT&T plans to exit the majority of its legacy copper network operations by the end of 2029.

AT&T has announced the launch of the AT&T Guarantee, a comprehensive customer-first promise covering both wireless and fiber networks for consumers and small businesses. The guarantee, effective January 9, 2025, encompasses three main areas: network reliability, pricing transparency, and customer service.

The company commits to providing bill credits for service interruptions lasting 20+ minutes for fiber and 60+ minutes for wireless customers. They promise their best smartphone deals for both new and existing customers without requiring premium plans, and pledge no hidden fees for AT&T Fiber. Customer service guarantees include 5-minute response times for tech support and same/next-day technician availability for fiber services.

This initiative follows AT&T's investment of over $140 billion in network infrastructure and nearly $1 billion in customer care and operations since 2019, positioning them as the first carrier to offer such comprehensive guarantees across both network types.

AT&T has been awarded the 2024 US Market Leadership Award by Frost & Sullivan for its Next Generation 911 (NG911) services, marking its sixth consecutive year receiving this recognition. The company leads the US NG911 market with direct contracts covering over 80 million people and approximately 30% market share.

AT&T's Emergency Services IP Network (ESInet™) provides a nationwide, redundant service architecture that enhances emergency response capabilities. The system enables IP-based communications from citizens to emergency call centers (ECCs), supporting text, data, video, and IP voice calls. The company has approximately 2,000 contracted ECCs, with over 80% actively deployed or processing live NG911 production.

The solution's managed, as-a-service model addresses concerns of 911 state administrators, offering standard SLAs for availability, call delivery, quality, and provisioning. AT&T has secured interoperability agreements with all tier 1 US carriers, demonstrating market leadership through its carrier expertise and proven NG911 deployments.

AT&T (NYSE:T) has announced it will release its fourth-quarter 2024 financial results on Monday, January 27, 2025, before the New York Stock Exchange opens. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. A live webcast of the call will be available on AT&T's Investor Relations website, along with the earnings release and related materials. A webcast replay and transcript will be made available after the call.

AT&T (NYSE:T) has announced its quarterly dividend declarations. The company's board approved a quarterly dividend of $0.2775 per share on common shares. Additionally, dividends were declared for Series A Preferred Stock at $312.50 per share ($0.3125 per depositary share) and Series C Preferred Stock at $296.875 per share ($0.296875 per depositary share). All dividends will be payable on February 3, 2025, to stockholders of record as of January 10, 2025.

AT&T (NYSE:T) has announced the redemption of its 5.625% Global Notes due 2067. The company redeemed the outstanding principal amount at a redemption price of $830,285,156.25, which equals 100% of the principal amount plus accrued interest through December 11, 2024. On a per note basis, the redemption price was approximately $25.160156. The Bank of New York Mellon Trust Company, N.A. serves as the paying agent for the Notes.

AT&T has outlined its multi-year strategic growth plan, focusing on network expansion and shareholder returns. The company aims to modernize its 5G wireless network by 2027, covering 300M+ people with mid-band spectrum by 2026. In broadband, AT&T plans to reach 50M+ locations with fiber by 2029, including 45M through organic deployment and 5M+ via Gigapower joint venture.

The company projects 2025 Free Cash Flow of $16B+ (excluding DIRECTV) and expects to generate $50B+ in financial capacity over the next three years. AT&T plans to return $40B+ to shareholders through dividends ($20B+) and share repurchases ($20B) from 2025-2027, maintaining its current $1.11 per share annual dividend. The company aims to achieve a net-debt-to-adjusted EBITDA ratio of 2.5x by first half of 2025.

AT&T unveiled a strategic plan focused on expanding America's largest fiber broadband network to over 50 million locations by 2029. The company expects to generate $40 billion+ in shareholder returns through dividends and share repurchases over the next three years, including a $10 billion initial share repurchase authorization by 2026. The plan projects low-single-digit annual consolidated service revenue growth from 2025-2027, with mobility service revenue growing 2-3% annually and consumer fiber broadband revenue growing in mid-teens annually. AT&T aims to achieve $16 billion+ in free cash flow by 2025, growing to $18 billion+ by 2027.

AT&T has announced a webcast featuring a fireside chat with CEO John Stankey at the UBS Global Media & Communications Conference on December 10, 2024. The event will begin at 8:15 a.m. ET and will be accessible through AT&T's Investor Relations website. The webcast will be available both live and for replay, with viewers advised to join a few minutes early to account for potential schedule adjustments. Interested parties can subscribe to AT&T's email alerts for automatic updates on financial news.