T News & Events

AT&Tremainson track to achieve its 2026and multi-yearfinancialguidance. AT&T maintains the long-term outlook and capital allocation plans provided with its first-quarter 2026 results. This includes the company's outlook for improved growth in adjusted EBITDA and adjusted EPS and higher free cash flow through 2028, its plans to return $45B+ to shareholders during 2026-2028 through dividends and share repurchases, and an expectation that its net debt-to-adjusted EBITDA ratio will return to a level consistent with its target in the 2.5x range within approximately three years following the closing of its transaction with EchoStar.For the second quarter of 2026, AT&T continues to expect improved year-over-year growth in wireless service revenue and in consolidated adjusted EBITDA compared to year-over-year growth rates reported in the first quarter of 2026. The company also continues to expect second quarter free cash flow in the range of $4B-$4.5B.

AT&T is committing $19B of investment in California's fiber and wireless networks by the end of 2030, building high-speed connectivity, its largest-ever infrastructure investment commitment in the state. The company is investing $3B more in the next five years, 2026-2030, than the previous five, reaching $35B invested over 10 years, 2021-2030, in California's network. In addition to the investment, the company commits to offering affordable options to help Californians get connected, strengthening its workforce statewide, and partnering with organizations across the state focused on closing the digital divide. The $19B commitment includes: bringing fiber to an additional 4 million+ households and businesses in the state by the end of 2030; expanding and strengthening statewide wireless network with additional spectrum and adding more than 1,200 cell sites by the end of 2030. Through this transition, the company expects to save 300 million kilowatt-hours annually by 20301. AT&T is hiring hundreds of technicians to support fiber expansion and copper decommissioning and commits to recruiting, upskilling, and training more skilled technicians needed to build and maintain essential telecommunications infrastructure.

AT&T reiterates all 2026 and multi-year financial and operational guidance and capital return plans shared during its first-quarter 2026 results.

AST SpaceMobile (ASTS) "commends" the announcement by AT&T (T), T-Mobile (TMUS), and Verizon (VZ) to form a joint venture to extend mobile connectivity for wireless customers by using satellite-based, direct-to-service technologies. The proposed collaboration by the three largest U.S. mobile network operators is expected to accelerate the technical integration, enhance coverage and help eliminate dead zones across the United States in partnership with the entire wireless industry. "AST SpaceMobile is happy to see how the industry is preparing to enable space-based cellular broadband connectivity to every American," commented Abel Avellan, AST SpaceMobile's Chairman and Chief Executive Officer. "We plan to be a key enabler of this transformation as we continue to grow our global network in low Earth orbit and expand available spectrum to our network."