AT&T Inc. (NYSE:T) Goldman Sachs Communacopia + Technology Conference September 10, 2024 11:10 AM ET Company Participants John Stankey - Chief Executive Officer Conference Call Participants Jim Schneider - Goldman Sachs Jim Schneider Very good. So welcome everybody to this session of the Goldman Sachs Communacopia and Technology Conference. My name is Jim Schneider, I'm the telecom analyst here at Goldman Sachs. It's my pleasure to welcome AT&T. We're really thrilled to have CEO, John Stankey, with us today ...

Summary of AT&T Inc. Conference Call Company Overview - **Company**: AT&T Inc. (NYSE:T) - **Event**: Goldman Sachs Communacopia + Technology Conference - **Date**: September 10, 2024 - **Participants**: John Stankey (CEO), Jim Schneider (Goldman Sachs Telecom Analyst) Key Points Company Achievements and Strategy - John Stankey highlighted significant accomplishments during his four-year tenure, including a major repositioning of the company and divestment of media assets to refocus on communications [6][7] - AT&T has invested heavily in high-quality networks, particularly fiber, which is seen as the backbone of future communications infrastructure [7][8] - The company aims to achieve a net debt to EBITDA ratio of 2.5 times by the end of the year, allowing for future capital allocation decisions [7] Market Dynamics - The wireless market has shown resilience, with AT&T adding approximately 4 million net subscribers in the first half of the year [9][10] - Stankey emphasized the importance of focusing on high-value net adds rather than just overall subscriber growth [10][11] - The company is experiencing healthy service revenue growth and is focused on maintaining its share of service revenues [11] Competitive Landscape - Stankey expressed confidence in AT&T's competitive position, citing the company's superior fixed broadband product and the largest wireless network in the U.S. [20][40] - The company is strategically positioned to capture high-value customers, particularly in markets where both fiber and wireless services are offered [29][40] Industry Trends - The demand for wireless services is increasing at over 30% annually, while spectrum supply remains limited, which could lead to upward pricing pressure in the future [18][55] - Stankey noted that the industry is at the beginning of a significant technological shift, comparable to the rise of the Internet [8] Capital Allocation and Future Plans - AT&T is considering various options for capital allocation, including debt repayment, increasing dividends, and share buybacks, with a decision expected later this year [46][49] - The company is focused on organic growth opportunities and maintaining a strong balance sheet [52][54] Regulatory and Policy Considerations - Stankey highlighted the urgent need for more mid-band spectrum allocation in the U.S. to remain competitive globally [56][58] - He emphasized that the lack of timely spectrum policy could hinder technological advancement and national security [58] Consumer Behavior Insights - Stankey noted that there are no signs of consumer distress in AT&T's business, with strong demand for products and services [45] - The company is observing a shift in consumer preferences towards higher-quality services, particularly in markets where both fiber and wireless are available [40] Conclusion - AT&T is strategically positioned for future growth with a focus on high-quality network investments, maintaining competitive advantages, and addressing regulatory challenges related to spectrum availability [8][56]

DALLAS, Sept. 9, 2024 /PRNewswire/ -- Continued expansion at Gigapower and new agreements with commercial open-access providers will deliver world-class broadband access to new service areasKey Takeaways:  America's largest fiber provider1 is bringing high-speed fiber internet to more people and new geographies through continued expansion of Gigapower's fiber footprint and four new agreements with commercial open-access providers.AT&T's proven fiber leadership makes it the clear provider of choice for comme ...

AT&T's high dividend yield is tempting for investors looking to generate income.AT&T (T 1.55%) is one of the most iconic stocks ever. The company's history stretches all the way back to the late 1800's, making it one of the oldest publicly traded American companies.In addition to its long history of existence, AT&T has also paid a regular dividend for more than 30 years. It's a decent one, too. The company's dividend is $1.11 per share annually, spread over four quarterly payments of $0.2775 per share.That ...

RiverNorthPhotographyIntroduction Telecom giant AT&T (NYSE:T) has been good to its shareholders in 2024. The company has returned nearly 50% in income and gains since I wrote about them last September. The latest surge in share price is likely related to fiber’s role in the AI boom with Lumen Technologies and the deal by Verizon to acquire Frontier Communications. While investors may be gun shy to invest in AT&T at its 52-week high, the shares are still carrying underlying value, and investors can opt t ...

Klaus Vedfelt T's Dividend Investment Thesis Remains Rich As The Fed Likely Commences Its Rate Cut We previously covered AT&T (NYSE:T) in May 2024, discussing why we had maintained our Buy rating, thanks to its robust dividend investment thesis attributed to the stable profitability, rich yields, and reiterated FY2024 FCF guidance. Combined with the improving balance sheet, the management's guidance of lower vendor financing payments, and the intensified fiber expansion/ wireless network transformation ...

Selling in September is a stock market tradition, which could create a chance to scoop this stock up at a relative bargain.The stock market has been on a bull run for over a year and a half. The benchmark S&P 500 index has risen about 48% since the end of 2022.Economic recoveries tend to last much longer than recessions, but seasoned investors know that the next bear market could be right around the corner.The next few weeks could be a particularly good time to purchase a reliable dividend payer. September ...

AT&T Inc. (NYSE:T) Citi’s 2024 Global TMT Conference September 5, 2024 3:50 PM ET Company Participants Jenifer Robertson - Executive Vice President & General Manager Conference Call Participants Michael Rollins - Citi Michael Rollins This session is for Citi clients only, and disclosures are available at the back of the room next to the AV desk. Well, welcome back to Citi's 2024 Global TMT Conference. For those of you I haven't met, I'm Mike Rollins with Citi Research. And it's a pleasure to welcome Jenifer ...

AT&T Inc. (NYSE:T) Citi’s 2024 Global TMT Conference September 5, 2024 3:50 PM ET Company Participants Jenifer Robertson - Executive Vice President & General Manager Conference Call Participants Michael Rollins - Citi Michael Rollins This session is for Citi clients only, and disclosures are available at the back of the room next to the AV desk. Well, welcome back to Citi's 2024 Global TMT Conference. For those of you I haven't met, I'm Mike Rollins with Citi Research. And it's a pleasure to welcome Jenifer ...

AT&T Inc. (NYSE:T) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 8:00 AM ET Company Participants Pascal Desroches - CFO Conference Call Participants David Barden - Bank of America David Barden All right, everybody. Thank you for joining us. I'm Dave Barden, Head of U.S. and Canada Telecommunications and Communications Infrastructure research for Bank of America. Thank you for joining us for the official beginning of day two. I'm really happy to have Pascal Desro ...