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.
AT&T CEO Jeff McElfresh highlighted the ongoing digital divide at the USTelecom Broadband Investment Forum. He noted that U.S. providers invested nearly $2 trillion since 1996, with AT&T investing over $125 billion in the last five years, contributing to improvements in broadband speeds and costs. Despite this, 14.5 million Americans lack access to adequate broadband, with rural areas particularly affected. McElfresh urged Congress to fund the Broadband DATA Act and maintain a light-touch regulatory approach to encourage future investments.
AT&T announced pricing terms for private offers to exchange two pools of notes, totaling $5.9 billion for New 2057 Notes and $3.75 billion for New 2033 Notes. The early participation payment is $50 per $1,000 of Old Notes. For instance, holders of the 4.800% Global Notes due 2044 will receive a total consideration of $1,220.65 per $1,000 principal amount. The Exchange Offers will close on December 15, 2020. The interest rates for the new notes are set at 3.800% and 2.550%, respectively. Holders must certify their eligibility to participate in the Exchange Offers.
AT&T Inc. (NYSE:T) will host a webcast presentation by Scott Mair, President of Technology & Operations, at the Barclay Global Technology, Media and Telecommunications Conference on December 9 at 10 a.m. ET. The presentation can be viewed live and for replay on AT&T Investor Relations website. Viewers are encouraged to join a few minutes early to accommodate any schedule changes. AT&T is a global leader in telecommunications and media, offering services through various operating units including WarnerMedia and AT&T Communications.
AT&T announced the early tender results of its Exchange Offers, which have been upsized to accommodate more New Notes. The offers include two pools: Pool 1 for notes maturing in 2044, 2048, 2045, and 2042, and Pool 2 for notes maturing in 2026 and 2028. The withdrawal deadline for tendered Old Notes was 5:00 p.m. on December 1, 2020. Settlement for validly tendered Old Notes is expected on December 7, 2020, with the exchange offers expiring at 11:59 p.m. on December 15, 2020. Holders will receive cash for accrued interest and any fractional New Notes.
AT&T Inc. (NYSE:T) CFO John Stephens delivered an update at the Morgan Stanley European Tech, Media and Telecommunications Conference, highlighting strong momentum in postpaid wireless and customer retention strategies. The company anticipates over $26 billion in free cash flow for 2020, maintaining a high dividend payout ratio. Significant investments in 5G and fiber are expected to enhance network quality, while ongoing business transformation initiatives aim to optimize operations. AT&T has successfully refinanced over $60 billion of debt, positioning itself for future growth.
AT&T commenced private offers to exchange two pools of notes for cash and new senior notes due in 2057 and 2033, respectively. The Pool 1 Offer targets up to $3 billion in new 2057 Notes, while the Pool 2 Offer aims for $2.5 billion in new 2033 Notes. Each offer is subject to specific conditions, including a minimum issuance requirement of $1 billion for both pools. The early participation window ends on December 1, 2020, with the final expiration on December 15, 2020. Holders of the old notes must certify their eligibility to participate in the exchange.
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.