AT&T (T) Stock News

Lori M.

Itron integrates its 500G gas and 500W water cellular modules with AT&T's LTE-M network, giving utilities a flexible, infrastructure-light option for remote meter reading and leak detection.

Dow +0.8%, S&P +0.6%, Nasdaq +0.7%. SpaceX spectrum purchase sends telecoms down 10-13%. Apple falls on iPhone production cut report. Humana jumps 12% on Medicare ratings. Delta misses earnings. Consumer sentiment 46.3 vs 48 expected.

Scotiabank lowered its price target for AT&T from $27.50 to $26.50.

OpenAI told investors annualized revenue is $50B, below prior $70B reports, raising AI demand concerns. SpaceX to buy wireless spectrum, sending Verizon, AT&T, T-Mobile down ~7% after hours. Nasdaq fell 1.25% Thursday; Dow rose 0.1%.

AT&T adds iPhone Duo to lineup. Pre-order Oct 16, available Oct 23. Up to $1,200 off with trade-in. Switchers get up to $800 device payoff.

AT&T and OpenAI have established a partnership to implement in-house legal design.

AT&T will hold a 50% stake in the new venture, which combines Forged Fiber 37 and its existing wholesale fiber JV with GIP. The JV will operate as a commercial open-access wholesale fiber provider. CEO John Stankey said fiber is the definitive connectivity technology for an AI-driven world.

AT&T said its financial outlook and capital-allocation strategy remain as outlined in its second-quarter earnings release.

AT&T expects fiber-venture closing in first half of 2027.

AT&T to use fiber-venture closing proceeds per capital-allocation priorities.

AT&T (NYSE:T) affiliates, Global Infrastructure Partners (part of BlackRock), and CPP Investments have agreed to form a new U.S. fiber joint venture combining Forged Fiber 37 and Gigapower into a wholesale open-access company. AT&T will hold 50% ownership; GIP and CPP collectively own 50%. The JV aims to accelerate fiber expansion to over 60 million locations by 2030. AT&T expects proceeds at closing to help achieve a net-debt-to-EBITDA target of 2.5x within three years. Transaction expected to close in first half of 2027, subject to regulatory approvals. AT&T reiterates its financial outlook.

AT&T announced a venture that will bring together Forged Fiber 37 and Gigapower under one wholesale fiber commercial open access company. The move consolidates AT&T's fiber wholesale operations.

AT&T said a venture will accelerate the expansion of its fiber internet network to more communities across the United States. No further details were provided.

The three parties are forming a new fiber joint venture. Ownership split and asset details have not been disclosed.

AT&T and Corning have signed a multi-year fiber supply agreement worth over $3 billion. Corning will supply fiber and cable for AT&T's U.S. network expansion, supporting AT&T's goal of 60 million Americans with fiber by 2030. AT&T reiterated its financial outlook, which already includes the deal.

AT&T board declared a $0.2775 per share quarterly dividend on common shares, plus preferred dividends, payable November 2, 2026.

A New York Times report, cited by a prediction-market account, states that major U.S. companies including AT&T, Airbnb, and Deloitte are shifting toward open-source AI models as cheaper alternatives to closed models from OpenAI and Anthropic. The report suggests a broader corporate trend away from proprietary AI vendors.

AT&T is using open source AI models to lower its Anthropic bills, per a report. The shift could pressure AI vendors as enterprises seek cheaper alternatives.