Investors

Why Invest

Connecting People to Greater Possibility

  • At AT&T, our purpose is to connect people to greater possibility – with expertise, simplicity, and inspiration.
  • Our strategy is to be the best converged connectivity provider – through 5G and fiber.
  • Customers are increasingly seeking one provider who can seamlessly connect them in their home, at work and on the go. As America’s largest fiber provider1 and with North America’s largest wireless network2, we are leading the way in offering world-class converged connectivity to more customers than anyone else.
About us

A Leader in American Connectivity

Our consistent, investment-led strategy benefits both customers and shareholders over the long run. As the only provider that owns and operates scaled 5G and fiber networks, we’re uniquely positioned to deliver the converged connectivity experiences that customers want.

  • AT&T Mobility provides nationwide, high-speed 5G wireless voice and data services to consumer, business and wholesale subscribers located in the United States.
  • AT&T Internet Air is now available in parts of 47 states for consumers and nationwide for businesses.
  • AT&T is the largest fiber provider in the U.S. and now passes more than 32 million fiber locations3 in 100+ metro areas as of September 30, 2025.
  • By the end of 2030, we expect to reach 60 million+ total locations4 with fiber.
  • As of December 31, 2025, we had more than 10 million AT&T Fiber consumer subscribers and have added more than 1 million net adds for 8 consecutive years (2018 - 2025).
  • There’s tremendous runway for converged subscriber growth, as 4 out of 10 AT&T Fiber households also have wireless service as of December 31, 2025.
  • AT&T Business serves nearly 2.5 million customers, from the largest global companies and government agencies to small businesses and serves nearly all Fortune 1,000 companies.
  • FirstNet®, built with AT&T is the only nationwide, high-speed wireless broadband communications platform dedicated to and purpose-built for America’s first responders and the extended public safety community.
  • We offer mobile services to consumers and businesses in Mexico through our Latin America segment, with more than 24 million total subscribers as of December 31, 2025.
  • Our 4G LTE network in Mexico covers more than 100 million people and businesses and offers a seamless, cross-border North American wireless network.

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Delivering on Our Strategy:
2025 Milestones

$40.3B

Cash from Operating Activities

$16.6B

Free Cash Flow*

+1.6M

Postpaid Phone Net Adds

+1.1M

AT&T Fiber Net Adds

0.90%

Postpaid Phone Churn

3M+

New fiber locations passed4

*Further clarification and explanation of non-GAAP measures and reconciliations can be found here.

Investing In Long-Term Growth & Shareholder Value

Wireless

Growing wireless the right way

11.0 million

Postpaid phone net additions over the past 5 years (2021 - 2025)

Fiber

Growing AT&T Fiber the right way

5.5 million

AT&T Fiber net additions over the past 5 years (2021 - 2025)

Investing

Investing to connect more people

>$145 billion

Invested in our wireless and wireline networks, including capital investments and acquisitions of wireless spectrum5 over the past 5 years (2020 - 2024)

Shareholders

Returning value to shareowners

>$50 billion

Returned to shareowners through dividends and authorized share repurchase programs over the past 5 years (2021 - 2025)

Connecting Changes Everything

Every day our teams connect more people in more places, in more ways.

Shaping future operations to drive continued growth

John Stankey, CEO of AT&T, on Norges Bank Management Investment's In Good Company podcast

John Stankey speaks to Bloomberg on AT&T-Lumen Transaction

Cutting the Cord: AT&T’s Push Beyond Landlines and Legacy Tech with CFO Pascal Desroches

AT&T 2024 Highlights

CNBC’s full interview with AT&T CEO John Stankey

John Stankey, AT&T CEO, speaks with CNBC's 'Squawk on the Street'

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Shaping future operations to drive continued growth

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John Stankey, CEO of AT&T, on Norges Bank Management Investment's In Good Company podcast

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John Stankey speaks to Bloomberg on AT&T-Lumen Transaction

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Cutting the Cord: AT&T’s Push Beyond Landlines and Legacy Tech with CFO Pascal Desroches

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AT&T 2024 Highlights

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CNBC’s full interview with AT&T CEO John Stankey

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John Stankey, AT&T CEO, speaks with CNBC's 'Squawk on the Street'

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Connected Helmet

Footnotes:

  1. Based on the number of fiber to the home households using publicly available data.
  2. Based on comparison of carrier owned and operated networks. No AT&T on-net coverage in select countries, including Canada.
  3. Includes consumer and business locations. 25.8M of these locations are sellable consumer locations.
  4. Locations reached with fiber include consumer and business locations: (i) passed with fiber, and (ii) served with fiber through commercial open-access providers.
  5. Represents total Capital Investment on a consolidated basis, including acquisitions of spectrum, from 2020 through 2024. All years represent results from continuing operations.