Tag: $AT&T

AT&T will spend more than $250 billion over five years in the ‌U.S. to expand its network infrastructure and will hire thousands of technicians this year, it said on Tuesday, as telcos ramp up investments to support surging data demand.

AT&T (T) reported fourth quarter EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $33.5B versus the consensus estimate of $32.87B.

AT&T (T.N), added more wireless subscribers than expected in the third quarter on Wednesday, as bundled plans and heavy promotions around the latest iPhone launch helped it attract more customers in a fiercely competitive market.

AT&T (T.N), said on Tuesday it has agreed to purchase certain wireless spectrum licenses from EchoStar (SATS.O), for about $23 billion, as the U.S. telecom giant scales its network to stay ahead in a competitive market.

AT&T stock was a touch lower on Wednesday, even though the wireless carrier topped Wall Street’s earnings expectations. Investors may have been looking for perfection after rival Verizon Communications posted a beat-and-raise on Monday.

AT&T beat Wall Street’s first-quarter revenue targets on Wednesday, as more customers than expected switched to its cellphone plans amid worries about the health of the U.S. economy.

AT&T’s fourth-quarter wireless subscriber growth surpassed expectations on Monday, fueled by strong demand for its discounted premium plans combining 5G mobile with high-speed fiber data services.

AT&T expects its free cash flow to be more than $18 billion in 2027, the company said on Tuesday as it detailed a three-year vision for the business to expand its 5G and fiber services across the United States.

AT&T gained more wireless subscribers than expected in the third quarter, driven by the steady adoption of its higher-tier unlimited plans that come with perks including increased hotspot data, sending its shares up 3.1% in premarket trading.

Ericsson shares rallied on Tuesday as the Swedish telecom equipment maker said the market is stabilizing as North America returns to growth.

AT&T Inc. said Monday it has agreed to sell its 70% stake in satellite-TV company DirecTV Entertainment Holdings LLC to its partner, private-equity firm TPG Inc., for about $7.6 billion in cash payments through 2029.

AT&T exceeded market expectations for wireless subscriber additions in the second quarter on Wednesday, as the telecom operator’s higher-tier unlimited plans attracted customers.

AT&T Inc.’s stock fell 3% early Friday, after the telecommunications giant said hackers unlawfully accessed and copied call logs containing records of customer calls and texts from the period stretching from May 1 to Oct. 31, 2022, as well as on Jan. 2, 2023.

Telecom giant AT&T has struck a deal with satellite provider AST SpaceMobile  to deliver a space-based broadband network direct to cell phones, the companies said on Wednesday.

AT&T beat Wall Street’s earnings expectations, but missed on sales and some key subscriber metrics in the first quarter, underscoring the struggle for telecom operators to grow sustainably in a hypercompetitive market.

AT&T is investigating an incident that led to millions of customers’ data getting published on the dark web.

AT&T reported fiscal fourth-quarter earnings below Wall Street expectations, but revenue came in above the consensus and the company added more customers than had been forecast.

Dec 5 (Reuters) – Ericsson  shares rallied in early trading on Tuesday after chose the Swedish telecoms equipment maker over Finnish rival Nokia to build a network under a five-year deal that could see spending reach $14 billion.

Nokia plunged to a three-year low after losing out to rival Ericsson on a major contract with telecom juggernaut AT&T over the rollout of an open-radio access network (Open RAN) in the U.S.

AT&T reported third-quarter earnings and revenue that beat analysts’ estimates and the telecommunications giant raised its target for free cash flow for the year.