John Stankey to Update Shareholders at the Goldman Sachs Communacopia + Technology Conference on September 9

Core Insights - AT&T is positioned to become America's leading connectivity provider through significant investments in wireless and fiber networks [3][11] - The company plans to acquire spectrum licenses from EchoStar and Lumen's fiber business to enhance its service offerings [4][5][11] - AT&T expects to reach over 60 million fiber locations by the end of 2030, doubling its current reach [6] Wireless Network Developments - AT&T is modernizing its wireless network by acquiring approximately 50 MHz of low-band and mid-band spectrum licenses from EchoStar [4] - The company aims to maintain its leadership in advanced wireless connectivity through these acquisitions [4][11] Fiber Network Expansion - AT&T is expanding its fiber assets, including the acquisition of Lumen's Mass Markets fiber internet business [5] - The company plans to invest savings from tax provisions into accelerating its fiber internet build-out [5][12] - The expected addition of fiber locations will enhance access to high-speed internet for millions of Americans [7] Financial Performance and Guidance - AT&T is on track to meet its 2025 financial guidance, with solid customer demand in the wireless market [8][10] - The company anticipates higher subscriber net additions for its fiber services in the second half of 2025 [9] - AT&T maintains its full-year 2025 financial guidance, including growth in service revenue, adjusted EBITDA, and free cash flow [10][12] Capital Return Strategy - AT&T has a capital return plan that includes $20 billion for share repurchases from 2025 to 2027 [11][12] - The company aims to reduce its net debt-to-adjusted EBITDA ratio to the target range within approximately three years post-EchoStar acquisition [10][12]