NYSE:T

Citigroup Inc. and AT&T Inc. announced enhancements to the AT&T Points Plus® credit card, introducing new savings and rewards features for customers.

The updated card offers monthly discounts on AT&T wireless and internet bills, along with 2x ThankYou Points on AT&T purchases and no foreign transaction fees. Customers can also earn up to $240 annually in statement credits by meeting spending thresholds, while continuing to accumulate rewards on everyday categories such as gas, EV charging, and groceries.

The companies emphasized that the refreshed card is designed to provide greater value, simplicity, and flexibility, allowing users to reduce monthly expenses while maximizing rewards through routine spending.

The enhanced benefits are now available to existing cardholders, with new customers able to apply immediately.
AT&T Inc. and Amazon Web Services (AWS) have announced a collaboration to deliver resilient, scalable last-mile connectivity for business-grade AI workloads, with a preview of the new service expected in Q2 2026.

The offering, branded AWS Interconnect – last mile, integrates AT&T’s fiber and fixed wireless (5G) connectivity directly into AWS environments. The solution is designed to simplify premises-to-cloud architectures, reduce network complexity and latency, and support real-time analytics, machine learning and agentic AI applications.

Under the model, AT&T provides last-mile connectivity linking enterprise locations to AWS infrastructure, while AWS embeds the connectivity service into its cloud provisioning and management workflows. The aim is to enable enterprises to provision and manage connectivity within the AWS environment, creating more predictable, secure and resilient network architectures for AI at scale.

The initiative builds on AT&T’s broader AI-ready network strategy, including ongoing investments to expand fiber capacity up to 1.6Tbps across key metro, regional and long-haul routes. The preview will initially be available to qualifying customers in select areas, with broader rollout planned following validation of the end-to-end customer experience.
AT&T reported strong fourth-quarter and full-year 2025 results, meeting or exceeding all consolidated financial guidance as growth in converged fiber and 5G customers drove higher profitability and cash generation.

In the fourth quarter, AT&T posted revenues of $33.5 billion and free cash flow of $4.2 billion, up from $4.0 billion a year earlier. Adjusted EPS rose to $0.52 from $0.43, supported by solid operating performance and continued customer momentum. The company added 421,000 postpaid phone subscribers, kept churn below 1%, and delivered more than half a million combined advanced home internet net additions for the second consecutive quarter, led by strong AT&T Fiber growth.

For the full year, revenues reached $125.6 billion, diluted EPS increased to $3.04, and free cash flow rose to $16.6 billion. AT&T added more than 1.5 million postpaid phone customers for the fifth straight year, surpassed one million fiber net adds for the eighth consecutive year, and expanded fiber availability to 32 million consumer and business locations. Consumer wireline fiber revenues grew 17% year over year, highlighting the success of the company’s convergence strategy.

AT&T returned more than $12 billion to shareholders in 2025 through dividends and share repurchases and now expects to return over $45 billion between 2026 and 2028. Management reaffirmed a long-term outlook for improved growth in adjusted EBITDA and adjusted EPS, alongside higher free cash flow through 2028, driven by continued investment in fiber and 5G and rising convergence across its customer base.
AT&T secures $29.5 billion in new credit and term loan facilities

AT&T Inc. (NYSE: T) announced on November 3, 2025, that it has entered into two major financing agreements totaling $29.5 billion to enhance liquidity and support general corporate purposes, including potential spectrum acquisitions.

The company signed a $12 billion Second Amended and Restated Revolving Credit Agreement with Citibank as agent, replacing its previous 2022 facility. The revolving credit line matures in November 2030, with options for two one-year extensions and potential expansion up to $14 billion. Borrowings will accrue interest based on SOFR, EURIBOR, or SONIA benchmarks plus a margin tied to AT&T’s credit ratings (currently BBB/Baa2/BBB+), resulting in an applicable margin of 0.92% and a facility fee of 0.08%. The agreement includes a net debt-to-EBITDA covenant of 3.75x and standard cross-acceleration, lien, and bankruptcy default provisions.

Additionally, AT&T entered into a $17.5 billion Delayed Draw Term Loan Credit Agreement with Bank of America as agent, comprising a $6 billion 364-day term loan and an $11.5 billion two-year term loan. Both facilities can be drawn once before November 3, 2026, and will bear interest based on SOFR or base rate options, with margins ranging from 0.45% to 1.18% depending on credit ratings.

These new facilities provide AT&T with significant financial flexibility ahead of major capital investments, reinforcing its balance sheet strength while maintaining its commitment to investment-grade credit metrics.
AT&T Inc. (NYSE: T) reported strong third-quarter 2025 results, driven by solid growth in wireless and fiber operations. Revenue reached $30.7 billion, while diluted EPS rose to $1.29, reflecting a gain from the sale of its DIRECTV stake, compared with a $0.03 loss a year earlier. Adjusted EPS held steady at $0.54.
Operating income was $6.1 billion and adjusted operating income totaled $6.6 billion. Net income climbed to $9.7 billion, with adjusted EBITDA at $11.9 billion. Operating cash flow was $10.2 billion, and free cash flow rose to $4.9 billion from $4.6 billion a year earlier.

AT&T’s wireless service revenues grew 2.3% year over year to $16.9 billion, supported by 405,000 postpaid phone net adds and low churn of 0.92%. The company added 288,000 AT&T Fiber and 270,000 AT&T Internet Air customers, driving consumer fiber broadband revenues up 16.8% to $2.2 billion.

AT&T repurchased $1.5 billion in shares during the quarter (totaling $2.4 billion year-to-date), completed the sale of its remaining 70% stake in DIRECTV, and announced the $23 billion acquisition of spectrum from EchoStar, expanding low- and mid-band coverage across the U.S.

CEO John Stankey said the results underscore AT&T’s “investment-led convergence strategy,” positioning the company to meet its 2025 financial guidance while maintaining leadership in wireless and fiber connectivity.
AT&T Completes $5B Multi-Tranche Debt Offering

AT&T Inc. (NYSE: T) announced the closing of a $5 billion debt issuance through four tranches of registered global notes. The offering included $1.15 billion of 4.550% notes due 2032, $1.25 billion of 4.900% notes due 2035, $1.1 billion of 5.550% notes due 2045, and $1.5 billion of 5.700% notes due 2054.

Proceeds will support general corporate purposes.
AT&T Surpasses 30 Million Fiber Locations Milestone, Eyes 60 Million by 2030

AT&T has reached over 30 million consumer and business fiber locations in the U.S., hitting its expansion milestone ahead of schedule. The company now aims to double that number to 60 million by 2030, partly through its planned acquisition of Lumen’s Mass Markets fiber business. This expansion reinforces AT&T’s position as the largest and fastest-growing fiber internet provider in the country. Its fiber investments, which total over $145 billion since 2020, are focused on enhancing digital connectivity, economic growth, and customer satisfaction across the U.S.
On January 30, 2025, Glenn H. Hutchins informed AT&T Inc. that he will not stand for re-election as a director at the company's 2025 Annual Meeting of Stockholders. However, he will continue serving as a director until the meeting.
AT&T Inc. concluded 2024 with solid financial and operational performance, meeting all its consolidated financial guidance and demonstrating growth in key areas like 5G and fiber subscribers. The company's revenues for the year totaled $122.3 billion, with net income of $12.3 billion and free cash flow of $17.6 billion. Mobility service revenues grew by 3.5%, driven by 1.7 million postpaid phone net additions and record-low postpaid phone churn. AT&T Fiber also saw substantial growth, with one million net additions for the seventh consecutive year and consumer broadband revenues increasing by 7.2%. The company continued to invest heavily in network modernization, including fiber and 5G expansions, resulting in a total capital investment of $22.1 billion.

For the fourth quarter of 2024, AT&T reported revenues of $32.3 billion and a net income of $4.4 billion. The Mobility segment performed exceptionally well, with 482,000 postpaid phone net additions and an industry-leading churn rate of 0.85%. Consumer Wireline revenues increased by 3.4% year-over-year, driven by fiber revenue growth of 17.8%. Despite challenges in Business Wireline and Mexico segments, AT&T’s strategic focus on high-growth areas and operational improvements contributed to adjusted EBITDA of $10.8 billion for the quarter. Looking ahead, the company reaffirmed its 2025 financial guidance, expecting continued revenue growth, free cash flow of over $16 billion (excluding DIRECTV), and progress toward achieving a net-debt-to-adjusted EBITDA ratio of 2.5x.
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