BCE (NYSE:BCE) Q4 2025 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsBatya Levi - Managing DirectorChris Summers - Head of Investor RelationsCurtis Millen - CFOMaher Yaghi - Managing DirectorMirko Bibic - President and CEOConference Call ParticipantsJérôme Dubreuil - Research AnalystMatthew Griffiths - Research AnalystSebastiano Petti - Senior Research AnalystStephanie Price - Equity Research AnalystTim Casey - AnalystVince Valentini - AnalystOperatorGood morning, ladies and gentlemen. Wel ...

Core Insights - AT&T has completed the acquisition of Lumen's Mass Markets fiber business for $5.75 billion, enhancing its fiber internet service across 32 states [3][7]. Group 1: Acquisition Details - The acquisition adds over 1 million fiber subscribers and expands AT&T's reach to more than 4 million fiber locations in major metro areas such as Denver, Seattle, and Salt Lake City [7][8]. - This transaction is expected to accelerate AT&T's fiber network expansion, aiming to reach over 60 million total fiber locations by the end of 2030 [8]. Group 2: Strategic Implications - The deal positions AT&T to leverage its extensive distribution and customer satisfaction to increase fiber penetration from approximately 25% to higher levels within the acquired footprint [8]. - By combining fiber broadband and 5G services, AT&T aims to enhance customer relationships and retention, providing a competitive edge in the industry [8]. Group 3: Leadership Perspective - John Stankey, AT&T's Chairman and CEO, emphasized that this acquisition will create jobs, improve U.S. connectivity, and deliver high-speed internet to more communities [4][5].

Core Insights - AT&T will host a fireside chat with John Stankey, Chairman and CEO, at the UBS Global Media and Communications Conference on December 9, 2025, starting at 8:15 a.m. ET [2][4] - The webcast will be available live and for replay on the AT&T Investor Relations website [2][3] Company Overview - AT&T connects over 100 million U.S. families and nearly 2.5 million businesses, offering services from traditional phone calls to advanced 5G wireless and multi-gig internet [3] - The company emphasizes its commitment to innovation and improving lives through its services [3] Upcoming Events - AT&T plans to release its fourth-quarter 2025 earnings on January 28, 2026, followed by a conference call to discuss the results [4]

Core Insights - AT&T will release its fourth-quarter 2025 results on January 28, 2026, before the New York Stock Exchange opens [2][5] - A conference call to discuss the results will be held at 8:30 a.m. ET on the same day, with a live webcast available [2][5] Company Overview - AT&T connects over 100 million U.S. families and nearly 2.5 million businesses, offering services from traditional phone calls to advanced 5G wireless and multi-gig internet [3] - The company emphasizes its commitment to innovation and improving lives through its services [3]

Core Insights - The AT&T Business 2025 Holiday Shopping Survey indicates that 77% of U.S. consumers would prefer to complete all their holiday shopping at small businesses, highlighting significant opportunities for these businesses to capture holiday spending [2][3] Small Business Competitive Edge - 73% of adults believe small businesses offer better and more unique holiday gifts, and 77% would choose small businesses over large retailers if prices were equal [3] - In-person shopping is a major source of inspiration for gift ideas, with 72% of consumers preferring it over social media [3] Consumer Behavior Trends - 67% of consumers shop at small businesses to support their local economy, reflecting an 8% increase from the previous year [7] - 65% of consumers are more likely to call a small business for inquiries compared to 35% for large retailers [7] - Traditional online search methods are favored by 58% of shoppers for holiday gift shopping, while only 9% prefer using AI [7] Opportunities for Small Businesses - There is a lack of awareness about Small Business Saturday, with 66% of Americans unaware of it, presenting an opportunity for small businesses to engage new shoppers [7] - Embracing digital tools and technology can help small businesses streamline sales and enhance customer engagement [8][14] Recommendations for Success - Small businesses should leverage their unique advantages, such as distinctive gifts and personal service, to attract holiday shoppers [6] - Investing in advanced connectivity and utilizing marketing strategies can help small businesses increase awareness and attract new customers [14]

Core Insights - AT&T is enhancing the F1 Las Vegas Grand Prix weekend by integrating connectivity and speed, supporting both Oracle Red Bull Racing and public safety communications through FirstNet® [1][2][5] Group 1: Event Experience - The event features "The Speed of Light," a high-energy visual experience that combines racing, connectivity, and innovation, allowing fans to engage and share their experiences [2] - AT&T will provide premium Oracle Red Bull Racing merchandise at various locations on the Strip, including limited-edition items [6][7] Group 2: Public Safety Support - FirstNet® is deployed as a dedicated support system for public safety during the event, with a specialized team and equipment positioned around the race circuit to ensure seamless communication [2][3] - The FirstNet Response Operations Group is collaborating with local agencies to maintain critical communications and respond to emergencies effectively [2][4] Group 3: Racing Technology - AT&T's network facilitates real-time data flow between Oracle Red Bull Racing's operations hub and the race circuit, which is crucial for race strategy and performance [3][4] - The connectivity provided by AT&T is essential for the team's engineers to make quick decisions during the race, enhancing overall performance [4][5] Group 4: Social Media Engagement - AT&T is partnering with TikTok to create an immersive experience at the TikTok Clubhouse, featuring over 150 creators and athletes to engage fans and enhance the race weekend experience [7][8][9] - The TikTok Clubhouse will offer interactive challenges and custom filters, allowing fans to create shareable moments during the event [9]

Core Insights - AT&T has initiated a complaint against the National Advertising Division (NAD) regarding its demands to remove advertising that highlights T-Mobile's misleading claims, citing that NAD has asked T-Mobile to correct its advertising at least 16 times in the past four years, more than any other competitor in the industry [2][7] - The new advertising campaign titled "Ain't Our First Rodeo" emphasizes the importance of trust and aims to inform consumers about T-Mobile's advertising challenges, asserting that consumers deserve to know the truth [3][4] - AT&T claims to be the only carrier that guarantees coverage for both wireless and fiber networks, backed by significant investments in infrastructure [4] Industry Context - The NAD has issued multiple decisions over the last four years, finding T-Mobile's advertisements to be false, misleading, or unsubstantiated, which AT&T aims to bring to light through its campaign [7] - The telecommunications industry is characterized by competitive advertising practices, with AT&T positioning itself as a defender of consumer rights against misleading claims from competitors [8]

Core Points - AT&T will release its third-quarter 2025 results on October 22, 2025, before the New York Stock Exchange opens [2][5] - The earnings release and related materials will be available on the AT&T Investor Relations website [2] - A conference call to discuss the results will be hosted at 8:30 a.m. ET on the same day, with a live webcast available [2][5] - The webcast replay and transcript will be accessible after the call [2] Company Overview - AT&T connects over 100 million U.S. families and nearly 2.5 million businesses, providing services from traditional phone calls to 5G wireless and multi-gig internet offerings [4]

Core Insights - AT&T has inaugurated a new regional hub in Chantilly, Virginia, which is a five-story, 111,000-square-foot office building housing over 500 employees, reflecting the company's commitment to innovation and collaboration [1][3][4] Company Developments - The new facility is located at 4807 Stonecroft Boulevard in the Westfields International Center at Dulles, marking a significant investment by AT&T in the region [1] - AT&T's President for Public Sector, Wes Anderson, highlighted the importance of modernization in their operations, emphasizing the company's nearly 150 years of experience in enhancing customer networks for better communication [3][4] Community Impact - The relocation to Chantilly is seen as a major advancement for AT&T, reinforcing its presence in a key business corridor and demonstrating the company's commitment to local engagement, including a contribution of over $250,000 to area nonprofits in the past five years [6] - Fairfax County officials expressed pride in supporting AT&T's growth and acknowledged the longstanding partnership, particularly in relation to FirstNet, which provides next-generation communications for public safety [4][5] Economic Significance - The establishment of the new hub is expected to positively impact the local economy and community, with local leaders emphasizing the value of Fairfax County as a destination for business and innovation [6][5]

Group 1 - AT&T will host a webcast featuring Jeremy Legg, the chief technology officer, at the KeyBanc Technology Leadership Forum on August 11, 2025, starting at 11 a.m. ET [2][4] - The webcast will be available live and for replay on the AT&T Investor Relations website, encouraging viewers to join a few minutes early [3][4] - AT&T serves over 100 million U.S. customers and nearly 2.5 million businesses, providing services from traditional phone calls to advanced 5G wireless and multi-gig internet offerings [4]