Tag: $AT&T

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.

AT&T will offer deals on a new iPhone come Friday as it tries to win more customers in a slowing market. The seasonal promotional is unlikely to hurt its free cash flow—or its dividend.

July 26 (Reuters) – AT&T (T.N) on Wednesday handily beat estimates for second-quarter free cash flow as efforts to lower costs and attract wireless monthly paying subscribers with cheaper plans paid off.

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July 19 (Reuters) – Shares of AT&T (T.N) rose 5% in premarket trading on Wednesday after the telecom company said lead cables made up only a small part of its wireline network, easing fears of an expensive clean-up.