Last price update: 17 Dec 24 23:00 GMT
AT&T Inc. provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company’s Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
In recent years, the actions of AT&T have left many investors jaded and hesitant, thereby creating a poor narrative. As everyone knows, their bungled Time Warner acquisition and subsequent spin-off saw their once cherished dividends cut.
The last 10 years have been very different for AT&T and T-Mobile, telling a standard history of growth and stagnation. AT&T's future doesn't look so bleak, but the company's valuation doesn't reflect that.
Management left the door open for future dividend growth as it alluded to making sure the dividend stays attractive in the future. AT&T finished 2022 strong as it generated $6.1 billion in FCF and saw its cash from operations increase to $10.3 billion in Q4.
Continued strong subscriber growth 656,000 postpaid phone net adds; nearly 2.9 million for the full year 280,000 at& t fiber net adds, 12 straight quarters with more than 200,000 net adds; more than 1.2 million net adds for full year 2022, fifth straight year with 1 million or more at& t fiber net adds subscriber additions driving revenue growth domestic wireless service revenues up 5.2%; 5.1% for the full year consumer broadband revenues up 7.2% driven by at& t fiber revenue growth of more than 31%; full year broadband revenues grew 6.4% with at& t fiber revenues up nearly 29% network deployment on or ahead of schedule mid band 5 g spectrum covering 150 million people, more than two times higher than original end of year target ability to serve more than 19 million consumer locations and more than 3 million business customer locations in more than 100 u. s. metro areas with fiber transformation supporting margin growth achieved more than 5 billion of 6 billion plus run rate cost savings target at year end fourth quarter consolidated results revenues from continuing operations1 of 31.3 billion reported eps from continuing operations of ( 3.20) 2 due to non cash charges compared to 0.66 in the prior year adjusted eps* from continuing operations of 0.61 compared to 0.56 in the prior year cash from operating activities from continuing operations of 10.3 billion capital expenditures from continuing operations of 4.2 billion; capital investment* from continuing operations of 4.7 billion free cash flow* from continuing operations of 6.1 billion full year consolidated results revenues from continuing operations of 120.7 billion reported eps from continuing operations of ( 1.10) 2 due to non cash charges adjusted eps* from continuing operations of 2.57 cash from operations of 35.8 billion capital expenditures of 19.6 billion; capital investment * of 24.3 billion free cash flow* of 14.1 billion 2023 outlook – continuing operations for the full year at& t expects wireless service revenue growth of 4% or higher broadband revenue growth of 5% or higher adjusted ebitda * growth of 3% or higher capital investment * of about 24 billion, consistent with 2022 levels free cash flow * of 16 billion or better, up 2 billion from 2022 adjusted eps * of 2.35 to 2.45, which includes an expected ( 0.25) of impacts from higher non cash pension costs related to higher interest rates, lower capitalized interest and impacts from an expected higher effective tax rate of 23% to 24% note at& t' s fourth quarter earnings conference call will be webcast at 8 30 a. m. et on wednesday, january 25, 2023.
Dallas , jan. 9, 2023 prnewswire at& t* ( nyse t) will release its fourth quarter 2022 results before the new york stock exchange opens on wednesday, january 25, 2023. the company' s earnings release and related materials will be available at at& t investor relations.
Dallas , jan. 4, 2023 prnewswire pascal DES roches, chief financial officer, at& t * inc. ( nyse t ), spoke today at the citi media & entertainment conference where he provided an update to shareholders. DES roches made the following points the company continues to focus its efforts on driving solid growth in 5 g and fiber services, driven by continued high demand for connectivity.
Dallas ( business wire ) at& t* ( nyse t) and blackrock alternatives ( blackrock), through a fund managed by its diversified infrastructure business, have signed a definitive agreement to form a joint venture that will operate a commercial fiber platform. the newly formed joint venture — gigapower, LLC — expects to provide a best in class fiber network to internet service providers ( ISP s) and other businesses across the united states.
Plans call for at& t fiber with speeds of up to 5 gigs to help close the digital divide muncie, ind. , dec. 5, 2022 prnewswire delaware county, indiana, today announced plans for a 2.3 million project with at& t* to build a state of the art network and deliver at& t fibersm to some 1,250 customer locations in parts of the county.
Dallas ( business wire ) pascal DES roches, senior executive vice president and chief financial officer, at& t* inc. ( nyse t), spoke today at the morgan stanley european technology, media & telecom conference where he provided an update to shareholders.
New york ( business wire ) today, citi and at& t announced the at& t points plus card from citi, a new no annual fee* card that rewards wireless customers with statement credits and citi thankyou points on purchases. building on the long standing relationship between the two companies, the new card delivers on a shared commitment to drive loyalty and customer engagement by providing an ID eal option for at& t wireless customers looking for rewards on everyday purchases.
At& t expands its connected learning center footprint to more locations, including at boys & girls clubs, bringing the benefits of broadband and digital access to even more people dallas , nov. 7, 2022 prnewswire what' s the news? at its 20 th connected learning center ( clc) opening today at ser metro in detroit, at& t* announced plans to reach 50 total centers NAT ionwide through the at& t connected learning initiative, including at boys & girls clubs.
