Summary of AT&T Inc. Conference Call Company Overview - **Company**: AT&T Inc. (NYSE:T) - **Event**: J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference - **Date**: May 23, 2022 Key Points Strategic Focus and Business Adjustments - AT&T has shifted its focus by reversing previous M&A activities and divesting from Warner and DirecTV to concentrate on core broadband growth opportunities [2][4] - The company aims to restructure its business to reduce costs and enhance customer relationships in both wireless and fixed broadband sectors [4][5] Economic Concerns - The CEO expressed concerns about inflation, supply chain issues, and labor market disruptions affecting the business environment [7][8] - AT&T is preparing for potential changes in investment levels due to economic pressures, while maintaining a commitment to invest in growth areas [9][10] Demand and Customer Behavior - Current demand in the mobility sector remains strong, with no signs of softening despite economic pressures [11][16] - The company is observing a trend of consumers in lower-income brackets facing financial stress, impacting their spending choices [11][12] Competitive Landscape - The competitive intensity in the mobility market remains high, with AT&T adapting its strategies to maintain market position [20][21] - The company has established a consistent operational strategy over the past 18 months, allowing for better agility and focus [21][22] Pricing Strategy - AT&T has implemented modest price increases on certain plans to enhance customer value while managing churn [23][25] - The company is exploring various pricing strategies to maintain competitiveness in an inflationary environment [24][26] 5G Deployment and Future Outlook - The discussion around 5G has shifted from hype to practical applications, with expectations for improved network performance and customer experiences over the next few years [28][29] - AT&T is focusing on building a robust fiber infrastructure to support 5G deployment, emphasizing the importance of fiber in delivering high-quality service [47][48] Fiber and Wireline Strategy - AT&T plans to expand its fiber footprint significantly, targeting 30 million locations in the coming years [43][46] - The company is committed to improving market penetration through consistent deployment and marketing efforts [54][56] Management Credibility and Future Growth - The CEO acknowledged the challenges of cutting the dividend but emphasized a renewed focus on growth and operational efficiency [58][60] - AT&T aims to restore credibility with investors by delivering consistent returns and maintaining transparency in operations [61][62] Additional Insights - The company is leveraging its strong brand and relationships with state governments to secure federal infrastructure funding [52][53] - AT&T is positioning itself to capitalize on emerging opportunities in enterprise 5G and private networking solutions [35][38][39]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-8610 AT&T INC. Incorporated under the laws of the State of Delaware I.R.S. Employer Identification Number 43-1301883 208 S. Akard ...

Ladies and gentlemen, thank you for standing by. Welcome to AT&T's first quarter 2022 earnings call. At this time, all participants are in a listen-only mode. If you should require assistance during the call, please press star, then zero, and an operator will assist you offline. Following the presentation, the call will be open for questions. If you would like to ask a question, please press 1 and then 0, and you will be placed in the question queue. If you are in the question queue and would like to withdr ...

FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to Commission File Number: 001-8610 AT&T INC. Incorporated under the laws of the State of Delaware I.R.S. Employer Identification Number 43-1301883 208 S. A ...