At&T - T STOCK NEWS

AT&T (NYSE:T) Chief Financial Officer John Stephens will retire in March after 28 years, with WarnerMedia's Pascal Desroches appointed as his successor effective April 1, 2021. During his tenure since 2011, Stephens significantly contributed to AT&T's financial strategy and stability. Desroches brings extensive experience in media and telecom, having served as CFO at WarnerMedia and Turner. AT&T's CEO, John Stankey, commended Stephens for his leadership and wished him well in retirement.

AT&T has secured a $311 million Task Order from the National Oceanic Atmospheric Administration (NOAA) to modernize its networking capabilities over the next 10 years. This initiative, under the GSA's Enterprise Infrastructure Solutions program, aims to enhance NOAA's network infrastructure. The modernization is critical as NOAA faces increasing weather-related disasters, impacting economic vitality and necessitating advanced technologies for data management. Work on this project begins immediately, marking a significant investment in NOAA's operational efficiency and mission support.

AT&T Inc. (NYSE:T) will hold a webcast presentation by CFO John Stephens at the Morgan Stanley European Tech, Media & Telecom Conference on November 20, starting at 8:35 a.m. ET. The session will be available for live viewing and replay through the AT&T Investor Relations website. Investors are encouraged to join a few minutes early to account for any schedule changes.

AT&T is a global leader in telecommunications and media, serving over 100 million U.S. customers and providing pay-TV and wireless services across Latin America.

AT&T announces a significant initiative to address the digital divide impacting over 17 million U.S. students during the COVID-19 pandemic. Offering discounted unlimited wireless data plans at $15/month for K-12 schools and universities, the plan includes free hot spots. Additionally, AT&T commits $10 million to provide internet connectivity and devices for at-risk students. The offer extends through December 29, 2020. This initiative aims to support underserved communities, particularly students of color and those in rural areas, ensuring equitable access to education and digital resources.

AT&T Inc. has appointed William E. Kennard as its new chairman, effective January 2021, following the retirement of Randall Stephenson. This decision aligns with AT&T's commitment to strong corporate governance, marking a transition to an independent chairman. Kennard brings extensive experience from roles as FCC Chairman and U.S. Ambassador to the EU, alongside his tenure with The Carlyle Group. He aims to enhance long-term value for stakeholders while continuing to support AT&T's diverse board structure.

AT&T launches a new wireless service discount to support small and medium-sized businesses (SMBs) amid COVID-19. The initiative includes a $10 monthly discount for qualifying business customers on eligible Unlimited plans and waives home internet data overage charges until December 31. An Alignable survey indicates 42% of SMB owners risk failure in 4Q 2020. AT&T also provides resources such as virtual playbooks and free webinars to help businesses adapt to the shift toward online operations, enabling them to thrive in challenging conditions.

AT&T Inc. (NYSE:T) posted strong third-quarter results, highlighting solid subscriber growth in wireless and fiber broadband sectors. The company reported over 5 million domestic wireless net adds and 357,000 fiber net adds, with expectations of $26 billion or higher in free cash flow for 2020. Despite a revenue decline to $42.3 billion, impacted by the COVID-19 pandemic, AT&T maintained a strong cash flow of $12.1 billion. The adjusted earnings per share (EPS) was $0.76, down from $0.94 year-over-year. The net debt declined by $2.9 billion, indicating financial resilience.

The annual REVOLT Summit x AT&T will be held virtually from October 23-25, featuring prominent artists like DaBaby and Killer Mike. The free event aims to engage young Black leaders through panels on social issues, economic empowerment, and political activism. Highlights include discussions on navigating challenges in 2020, a $10,000 talent competition, and a job fair with major companies. This initiative underscores AT&T's commitment to supporting Black media and community engagement.

AT&T, WarnerMedia, and General Motors have enhanced the driving experience by integrating AT&T's connectivity with WarnerMedia's entertainment offerings. Now, select Chevrolet, Buick, GMC, and Cadillac vehicle owners can access WarnerMedia RIDE, featuring unique video content, podcasts, and HBO Max for eligible data plan subscribers. With over 1 million data subscribers, this partnership aims to enrich the in-car experience for families. WarnerMedia RIDE is available at no extra cost for AT&T Unlimited Plan customers. Safety features have been prioritized to minimize distractions during driving.