Welcome to our dedicated page for At&T news (Ticker: T), a resource for investors and traders seeking the latest updates and insights on At&T stock.
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.
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.
Delta Air Lines is enhancing pilot technology by upgrading to the iPad Pro with Apple's M1 chip and 5G, in collaboration with AT&T Business. This upgrade aims to improve pre-flight management efficiency as Delta also equips flight attendants with iPhone 12 and 5G.
The AT&T IoT Global SIM and Control Center will ensure optimal connectivity for pilots in over 200 countries, allowing for reliable data downloads comparable to Wi-Fi. Additionally, AT&T's 5G network supports increased security for airline staff, enhancing operations in the evolving airline industry.
AT&T and TPG Capital have successfully completed their transaction to create a new company called DIRECTV, which will manage AT&T's video services, including DIRECTV, AT&T TV, and U-verse. AT&T has received $7.1 billion in cash and a 70% stake in the new company, while TPG contributed $1.8 billion for a 30% stake. This move allows AT&T to reduce debt, aiming for a net debt-to-EBITDA ratio below 2.5x by year-end 2023. This transaction excludes HBO Max and certain other assets, focusing solely on U.S. video operations.
DISH Network has partnered with WarnerMedia to provide HBO Max, HBO, and Cinemax to DISH TV customers across the nation. To celebrate, DISH is offering a 10-day free preview starting August 6. Customers can subscribe to HBO Max for $12 per month, a discount from the regular price of $14.99, valid until October 27. The subscription includes access to over 13,000 hours of content, including Warner Bros. movies and live channels. Cinemax is available for $10 per month. This agreement enhances DISH's content offerings, positioning the company advantageously in the competitive streaming market.