John Stankey to Update Shareholders at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 21

John Stankey to Update Shareholders at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 21

Tune in at 8:10 a.m. ET on May 21 for a fireside chat with AT&T's chief executive officer, where he will cover recent progress on the company's multiyear growth strategy.

Key Takeaways:

  • AT&T continues to make progress on its sustainable, long-term growth strategy and remains on track to meet all of its financial guidance.
  • The company continues to see healthy customer demand for world-class 5G and fiber connectivity.
  • As one of the largest investors in telecommunications infrastructure in the United States , AT&T remains focused on building vital, high-performance 5G and fiber networks. To support these efforts, the company continues to expect 2024 capital investment in the $21 -22 billion range.

John Stankey , chief executive officer, AT&T (NYSE: T) Inc., will speak tomorrow at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference where he will provide an update to shareholders. Here are the key topics Stankey is expected to cover:

The company's focus on leading with world-class connectivity is working.

  • AT&T continues to benefit from the connectivity-focused, investment-led strategy it laid out nearly four years ago. By executing on a simple playbook, the company is achieving steady customer growth, improving returns and enabling additional investments that are benefiting the business.
  • AT&T's simple and consistent go-to-market approach continues to resonate with customers and has created a sustainable model for healthy growth and strong cash conversion.

AT&T remains focused on growing durable relationships with high-quality 5G & fiber customers.

  • The company continues to see healthy, but normalizing, wireless industry trends and is pleased with how the Mobility business is performing in the second quarter.
  • AT&T Fiber penetration rates continue to exceed initial business case assumptions with net adds varying from quarter to quarter based on seasonality, market dynamics and the pace of new fiber locations passed.
  • AT&T's connectivity portfolio continues to expand and includes multiple technologies, including 5G, fiber and the company's fixed wireless access product – AT&T Internet Air – which is now available in parts of 95 locations for consumers and nationwide for businesses.
  • AT&T is uniquely positioned to offer converged services at scale across its owned and operated 5G and fiber networks. With the largest wireless network in North America 1 and the largest domestic consumer fiber internet network 2 , AT&T benefits from owner's economics when it adds converged mobile and broadband subscribers.

AT&T remains on track to achieve its financial guidance.

  • The company remains confident in its ability to deliver on all of the financial guidance shared during its earnings report in April 2024 .
  • AT&T also remains focused on driving incremental efficiencies through its goal of $2 billion+ in run-rate cost savings by mid-2026.
  • The company is on track to achieve net-debt to adjusted EBITDA in the 2.5x range in the first half of 2025. It also plans to continue addressing short-term financing obligations as it shapes an even more sustainable and ratable free cash flow cadence.

AT&T continues to invest in the future of America's connectivity.

  • AT&T continues to make critical investments in its wireless and fiber future. Over the past five years, from 2019 to 2023, AT&T invested $145 billion+ primarily in its wireless and wireline networks, including capital investments and acquisitions of wireless spectrum 3 . To support its ongoing investment in 5G and fiber, the company continues to expect 2024 capital investment in the $21 -22 billion range.
  • AT&T believes fiber is the best internet access technology available today, and is pursuing a variety of models for connecting more people with fiber.
    • This includes AT&T's in-footprint fiber build, which already passes 27 million+ consumer and business locations today and remains on pace to pass 30 million+ consumer and business locations by the end of 2025.
    • Based on fiber returns that are better than initial assumptions, AT&T sees a potential opportunity to pass an incremental 10 to 15 million consumer and business fiber locations within its existing footprint – assuming similar build parameters and a regulatory environment that incentivizes investing in America's robust connectivity needs.
    • Outside of AT&T's footprint, its Gigapower joint venture with BlackRock, through a fund managed by its Diversified Infrastructure business, has been up and running for just over a year with fiber build progress in parts of Arizona , Florida , Minnesota , Nevada , New Mexico , North Carolina , Pennsylvania and South Carolina .
    • The company is also pursuing opportunities to invest in fiber through public-private partnerships including the American Rescue Plan ( ARP ) and Broadband Equity, Access and Development (BEAD) Program.
  • In Mobility, AT&T is advancing and modernizing its wireless network by accelerating the transition to Open Radio Access Networks (Open RAN), which the company believes will enable a more robust supplier ecosystem and drive efficiencies and longer-term cost savings.
  • Additionally, through a definitive commercial agreement with AST SpaceMobile , AT&T recently took another step toward providing more ubiquitous connectivity for consumers and businesses via a space-based broadband network direct to everyday cell phones. In 2023, in collaboration with AT&T, AST SpaceMobile delivered several industry-first wins such as the first-ever 5G cellular connectivity, 4G voice and video call, and text via space between everyday smartphones.
  • These collective efforts to enhance, expand and differentiate AT&T's network further improve our ability to provide customers with high-speed internet service wherever they are, and advance AT&T's progress on becoming America's best converged connectivity provider.

The webcast of Stankey's conversation will be available live, and for replay, at AT&T Investor Relations.

1 Based on comparison of carrier owned & operated networks. No AT&T on-net coverage in select countries, including Canada . Details: att.com/international . Destinations covered: att.com/globalcountries . 5G claim based on nationwide GWS drive test data. GWS conducts paid drive tests for AT&T and uses the data in its analysis. AT&T 5G requires compatible plan and device. 5G coverage not available everywhere. Learn more at att.com/5Gforyou .

2 Based on publicly available data of the number of fiber-to-the-home households.

3 The years ended December 31, 2020 through 2023 present results from continuing operations, and the year ended December 31, 2019 includes comparable adjustments to remove capital expenditures from discontinued operations.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. ( NYSE:T ), please visit us at about.att.com . Investors can learn more at investors.att.com .

Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company's website at https://investors.att.com .

© 2024 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

AT&T Inc. logo (PRNewsfoto/AT&T Communications)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/john-stankey-to-update-shareholders-at-the-52nd-annual-jp-morgan-global-technology-media-and-communications-conference-on-may-21-302150524.html

SOURCE AT&T

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/20/c9384.html

News Provided by Canada Newswire via QuoteMedia

T
The Conversation (0)
Ordell Minerals Limited

Shallow, High-Grade Gold Mineralisation Intersected at Barimaia Gold Project

Results from Phase 2 drilling confirm McNabs East as a high-priority target for follow-up exploration, with diamond drilling to commence in November

Ordell Minerals Limited (ASX Code: “ORD”) (“Ordell” or “the Company”) is pleased to announce significant drill results from recent, shallow, wide-spaced Reverse Circulation (RC) drilling at its Barimaia Gold Project (“Barimaia”), located near Mount Magnet in the Murchison region of Western Australia.

Keep reading...Show less
Silver Tiger Announces PFS With NPV of US$222M for the Stockwork Zone of the El Tigre Silver-Gold Project, Sonora, Mexico

Silver Tiger Announces PFS With NPV of US$222M for the Stockwork Zone of the El Tigre Silver-Gold Project, Sonora, Mexico

Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) ("Silver Tiger" or the "Corporation") is pleased to announce a Preliminary Feasibility Study(" PFS") for its 100% owned, silver-gold El Tigre Project (the "Project" or "El Tigre") located in Sonora, Mexico. The PFS is focused on the conventional open pit mining economics of the Stockwork Mineralization Zone defined in the updated Mineral Resource Estimate ("MRE") (Figure 1). The updated MRE also contains an Out-of-Pit Mineral Resource that Silver Tiger plans to study in a Preliminary Economic Assessment in H1-2025.

Highlights of the PFS are as follows (all figures in US dollars unless otherwise stated):

Keep reading...Show less
JZR Gold Provides Update on Vila Nova Gold Project

JZR Gold Provides Update on Vila Nova Gold Project

(TheNewswire)

JZR Gold Inc.
Vancouver, British Columbia, Canada – JZR Gold Inc. (the “Company” or “JZR”) (TSX-V: JZR) has been advised by ECO Mining Oil & Gaz Drilling and Exploration (EIRELI) (“ECO”), the operator of the Vila Nova gold project (the “Vila Nova Property”) located in the State of Amapa, Brazil, that it has received all required permits from the Agencia Nacional de Mineracao, Brazil’s national mining agency, and the relevant environmental agencies in Brazil, to allow ECO to commence preparation work on the Vila Nova Property. The Company has worked with ECO to commission the manufacture and assembly of an 800 tonne-per-day bulk sampling gravimetric mill, which is ready to commence operation on the Vila Nova Property. ECO has advised the Company that it will start up the plant to commence processing material from the Vila Nova Property within weeks.
JZR Gold Inc. possesses a 50% net profit interest (the “NPI”) in all profit generated from the Vila Nova Project.

For further information, please contact:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
NASDAQ:URRE

Energy Fuels Announces Q3-2024 Results, Including Active Uranium Mining and Processing, Successful Rare Earth Production, and Continuing to Build a World-Scale Rare Earth Supply Chain Centered in the U.S.

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), an industry leader in uranium and rare earth elements ("REE") production, today reported its financial results for the quarter ended September 30, 2024. The Company previously announced details for its upcoming November 1, 2024, earnings call, which are also included in this news release.

"Uranium drives our current financial outlook, while rare earth elements and heavy mineral sand products are significantly adding to our long-term value and growth strategy," said Mark Chalmers, Energy Fuels' President and Chief Executive Officer. "This quarter, we maintained our clean balance sheet while adding a new long-term U.S. utility customer, completing another spot sale of U3O8, and commencing processing of the large inventory stockpile of uranium feedstock at the White Mesa Mill, which is expected to continue well into 2025 and beyond. Uranium production is, and will remain, the core of the Energy Fuels' business, as we leverage our unique permits, facilities and expertise to process uranium-bearing materials to produce a variety of critical materials that advance the global energy transition through an American-based supply chain. We have long been a leading U.S. uranium producer, and we have now proven our ability to produce important rare earth materials at commercial scale with the completion and successful commissioning of our REE separation circuit this quarter. We are also aggressively moving forward with our plans to secure rare earth feedstocks globally and expand our processing capacity domestically in order to capture market share and achieve profitability. Our acquisition of Base Resources Limited and its world-class Toliara heavy mineral sands/monazite project in Madagascar on October 2, 2024 is an exciting step in achieving these objectives.

Keep reading...Show less

Latest Press Releases

Related News

×