At&T Stock Price, News & Analysis

AT&T has announced that it has the fastest nationwide 5G network for Q3 2020, marking its seventh consecutive quarter of being recognized for having the fastest overall wireless network. The accolade is based on Ookla's Speedtest results, which highlight consumer-driven performance metrics. AT&T has invested over $125 billion in its U.S. networks from 2015 to 2019, outpacing other public companies. The company continues to enhance its services with initiatives like the Unlimited Your Way plan, allowing customization of wireless options for customers.

On October 13, 2020, AT&T announced new smartphone deals for all customers, offering up to $700 off select Android devices with trade-in. This initiative is aimed at enhancing customer satisfaction by providing equal access to discounts regardless of carrier switches. Business customers can also benefit from discounts, including a $100 bill credit with smartphone upgrades. With the introduction of the Unlimited Your Way plan, customers now have more flexibility in choosing wireless services. AT&T emphasizes its nationwide 5G coverage, claiming to have the fastest network per recent Speedtest data.

AT&T announced the launch of the iPhone 12 lineup, featuring models like iPhone 12 Pro and iPhone 12, all equipped with 5G capabilities. Customers can pre-order from October 16, with in-store availability starting October 23. Notably, new and existing customers can acquire the iPhone 12 for $0 with a qualifying installment plan. The new models include advanced features such as improved cameras and the A14 Bionic chip, available in multiple finishes. Nationwide 5G access is included in all Unlimited plans, starting at $35/month for four lines.

AT&T Inc. (NYSE: T) has concluded the sale of its stake in Central European Media Enterprises Ltd. (CME) to Czech investment firm PPF Group N.V. for $1.1 billion in cash. This divestiture reduces AT&T's debt obligations by approximately $575 million, aligning with its strategy to monetize non-core assets and bolster shareholder value. AT&T aims to lower its net debt to strengthen its balance sheet. Upcoming financial results will be announced on October 22, 2020.

AT&T Inc. (NYSE:T) CEO John Stankey will be the opening speaker at the WSJ Tech Live conference on October 19, 2020. The virtual presentation is set to start at 12:05 p.m. ET. Interested participants can access a free livestream by registering for the Watch Pass on the WSJ conference website. AT&T is a global leader in telecommunications and media, providing services to over 100 million consumers in the U.S. and diverse offerings across Latin America.

The U.S. Army has chosen FirstNet, developed in partnership with AT&T, to enhance public safety communications across 72 installations in the U.S. and Puerto Rico. This decision follows a successful pilot program, showcasing FirstNet's capabilities during incidents like Hurricane Laura. The Army gains access to 3,200 FirstNet service lines, over 3,000 devices, and 700+ signal boosters for improved connectivity. FirstNet aims to ensure secure communications during emergencies, contributing to national safety and interoperability among first responders.

AT&T and the National Crime Prevention Council have launched a public education campaign titled Don't Take The Bait – Validate! to combat social engineering scams heightened during the COVID-19 pandemic. The campaign aims to inform consumers about fraud tactics and empower them to protect personal information. It includes videos, social media outreach, and infographics. AT&T's AVP Global Fraud emphasized the importance of equipping consumers with knowledge to counter fraudsters. The campaign seeks to encourage vigilance in handling unsolicited calls.

AT&T is set to provide 5G and Networking-as-a-Service to over 24,000 military personnel at Buckley, Joint Base Elmendorf-Richardson, and Offutt Air Force Bases to enhance their operations. This initiative, backed by the Air Force's Enterprise IT-as-a-Service program, aims to modernize networking infrastructure for improved speed and security. Over the past five years, AT&T invested more than $135 billion in network development and anticipates completing 5G service delivery by late 2021.

AT&T has pledged to achieve carbon neutrality across its global operations by 2035. To support this goal, the company is expanding its Climate Change Analysis Tool (CCAT) to assess climate impacts on its network for the next 30 years. Key initiatives include enhancing energy efficiency, transitioning to a low-emissions fleet, and investing in carbon offsets. Over the past five years, AT&T invested over $135 billion in its networks. Despite these efforts, the company has incurred $1 billion in costs due to climate-related events since 2016.