John Stankey to Update Shareholders at UBS Global Media & Communications Conference on Dec. 9

DALLAS, Dec. 8, 2025 /CNW/ --

Tomorrow, AT&T's Chairman and Chief Executive Officer will participate in a fireside chat at 8:15 a.m. ET to discuss the Company's progress on its multi-year growth strategy

Key Takeaways:

• AT&T reiterates all full-year 2025 and multi-year financial guidance and capital return plans provided with its third-quarter 2025 earnings report, including $4 billion of share repurchases in 2025 and an expected $20 billion of share repurchase capacity during 2025-2027
• AT&T continues to win 5G and fiber customers through solid execution on its multi-year growth plan centered on putting customers first
• AT&T expects to close its transactions with Lumen and EchoStar in early 2026

John Stankey, Chairman and Chief Executive Officer, AT&T (NYSE:T), will speak tomorrow at the UBS Global Media & Communications Conference where he will provide an update to shareholders. Stankey is expected to cover the following key topics.

AT&T's differentiated investment-led strategy positions the Company to become America's leading advanced connectivity provider
AT&T remains committed to accelerating access to advanced high-speed internet and wireless connectivity for millions of Americans in the way they prefer – with fiber and 5G together.

The Company is making significant progress in modernizing and strengthening its network. This includes deploying the mid-band spectrum it has agreed to acquire from EchoStar – under a short-term spectrum manager lease – unlocking substantial increases in speed and capacity for customers in more than 5,300 cities across 48 states¹. In addition to supporting expanded availability of AT&T Internet Air in 2026, AT&T expects this transaction to support strong and sustained growth in its high-value base of converged customers that subscribe to both its home internet and 5G wireless services. The transaction is expected to close in early 2026, subject to certain closing conditions, including regulatory approvals.

AT&T expects to continue accelerating the pace of its fiber reach through its organic capital investment and through its agreement to acquire substantially all of Lumen's Mass Markets fiber internet connectivity business, which is expected to close in early 2026, subject to certain regulatory and other customary closing conditions. The Company remains on track to reach more than 60 million total fiber locations by the end of 2030².

These actions to enhance the Company's wireless and fiber networks will drive investment in critical U.S. connectivity infrastructure, create new jobs and accelerate access to advanced high-speed internet connectivity through fiber and 5G.

AT&T is seeing solid customer demand and remains on track to achieve its 2025 financial guidance
AT&T reiterates all full-year 2025 and multi-year financial guidance and capital return plans provided with its third-quarter 2025 earnings report, including $4 billion of share repurchases in 2025 and an expected $20 billion of share repurchase capacity during 2025-2027.

AT&T is pleased with how the Mobility business is performing and continues to expect seasonally lower postpaid phone ARPU in the fourth quarter. The Company continues to expand access to AT&T Fiber – the fastest, top-rated internet nationwide³ – and AT&T Internet Air. AT&T continues to expect that subscriber net additions for each of these services will be higher during the second half of 2025 than it reported during the first half of the year, including an expectation for seasonal trends in net adds during the fourth quarter.

Consistent with recent trends, the Company expects its operating performance in the fourth quarter to show gains in its base of customers that subscribe to both AT&T Fiber and its Mobility services.

AT&T continues to expect that its net debt-to-adjusted EBITDA ratio will return to its target in the 2.5x range within approximately three years of closing the EchoStar spectrum purchase.

The Company expects to maintain a consistent approach to capital returns during 2028-2029 while reducing its net debt-to-adjusted EBITDA ratio, supported by improved long-term growth in service revenue, adjusted EBITDA and strong free cash flow from the Lumen and EchoStar transactions.

Conference details and more are available on the AT&T Investor Relations website
Tune in for the fireside chat with John Stankey at the UBS Global Media & Communications Conference, scheduled to begin at 8:15 a.m. ET. The webcast will be available live and for replay on the AT&T Investor Relations website.

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¹ Excludes Alaska and Hawaii

² "Total locations" includes consumer and business locations (i) passed with fiber and (ii) served with fiber through commercial open-access providers.

³ Based on analysis by Ookla® of Speedtest Intelligence® data for Q1/Q2 2025. Ookla trademarks used under license and reprinted with permission.

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 investors.att.com.

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SOURCE AT&T

For more information, contact: Brittany Siwald, AT&T Corporate Communications, Phone: [phone], Email: [email protected]