AT&T Inc. is a holding company providing telecommunications and technology services globally. Its primary business segments are Communications and Latin America. The Communications segment offers wireless and wireline telecom and broadband services to consumers in the U.S. and businesses globally, marketed under brands like AT&T, Cricket, and AT&T Fiber. The Latin America segment provides wireless services and equipment in Mexico. AT&T focuses on 5G and fiber technologies for connectivity, leveraging its fiber network and spectrum portfolio for growth. The company aims to provide integrated mobile and broadband solutions, capitalizing on increasing data usage and demand for higher speeds.

• Employees: 149,900 (as of January 31, 2024)
• Geographic Footprint: Primarily U.S. and Mexico, with presence in other countries.
• Headquarters: Dallas, Texas
• Founded: 1983 (Incorporated); 1984 (Spun off from AT&T Corp.)
• Number of locations/facilities: Not specified, but includes central offices, outside plant, other equipment, land, buildings, and wireless communication towers.
• Revenue: $122.43 billion (FY2023)
• Market Capitalization: $114 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: AT&T, Cricket Wireless, AT&T Fiber, AT&T Mexico (Unefon), DIRECTV (equity method investment)

• CEO: John T. Stankey
• CFO: Pascal Desroches
• Board Chair: Not specified in 10-K
• Other Key Executives: F. Thaddeus Arroyo (Chief Strategy and Development Officer), Edward W. Gillespie (Senior Executive Vice President - External and Legislative Affairs), Kellyn S. Kenny (Chief Marketing and Growth Officer), Lori M. Lee (Global Marketing Officer and Senior Executive Vice President - Human Resources and International), Jeremy Legg (Chief Technology Officer), David R. McAtee II (Senior Executive Vice President and General Counsel), Jeffery S. McElfresh (Chief Operating Officer)

• Annual Revenue: $122.43 billion (FY2023)
• Net Income: $14.40 billion (FY2023)
• Market Cap: $114 billion (as of June 30, 2023)
• Total Assets: $407.06 billion (FY2023)
• Number of Employees: 149,900 (as of January 31, 2024)
• Key Financial Highlights (FY2023): Revenue growth driven by Mobility and Consumer Wireline, operating income increase due to transformation efforts and lower expenses, increased interest expense due to spectrum acquisitions and higher interest rates.

AT&T offers a range of telecommunications and technology services, varying by market and technology platform.

• Wireless: Nationwide wireless service and equipment, including voice, data, and high-speed internet access, offered through various pricing plans and brands like AT&T, Cricket, and AT&T PREPAID. Also includes FirstNet, a dedicated wireless broadband network for public safety.
• Business Wireline: Advanced IP-based services (VPN, Dedicated Internet, Ethernet), traditional data services, cloud solutions, outsourcing, managed professional services, and collaboration services.
• Consumer Wireline: Broadband services (fiber and fixed wireless), legacy telephony, and other services and equipment.
• Latin America Wireless: Wireless services and equipment in Mexico, including postpaid and prepaid plans under the AT&T and Unefon brands.

AT&T has two reportable segments: Communications and Latin America.

• Communications: Accounts for approximately 97% of total segment operating revenues and all segment operating income. Includes Mobility, Business Wireline, and Consumer Wireline business units.
• Latin America: Accounts for approximately 3% of total segment operating revenues and had operating losses. Primarily operates in Mexico.

AT&T's current strategic priorities center around expanding its 5G and fiber footprint. The company is focused on building a software-based network, utilizing SDN and NFV technologies. Key initiatives include deploying commercial-scale Open RAN, expanding fiber consumer wireline broadband, and growing customer base. AT&T aims to leverage its fiber network to offer integrated mobile and broadband solutions, capitalizing on the growing demand for high-speed data and convergence opportunities. The company is also focused on cost transformation and product simplification to improve efficiency and margins.

AT&T operates in the highly competitive telecommunications industry, facing competition from traditional and non-traditional players. Key competitors in the wireless market include two national providers, regional providers and resellers, and cable companies. In the broadband market, AT&T competes with cable companies and wireless broadband providers. The industry faces ongoing technological advancements, increasing demand for data, and evolving regulatory landscape. AT&T is one of three facilities-based wireless providers in Mexico, with América Móvil holding the largest market share.

• Macroeconomic Factors: Adverse changes in securities markets, interest rates, inflation, and medical costs could impact benefit plan costs and funding.
• Government Regulation: Changes in regulations, rulings, and legislation, especially regarding broadband, wireless, and privacy, could increase costs, alter customer perceptions, and affect competitiveness.
• Competition: Intense competition in wireless, broadband, and legacy voice and data services, including from both traditional and nontraditional competitors, puts pressure on pricing and margins.
• Technology and Infrastructure: Maintaining and expanding network capacity, deploying new technologies like 5G and fiber, and managing supply chain disruptions pose significant challenges and require substantial capital investment.
• Cybersecurity: Cyberattacks could disrupt operations, cause data breaches, and lead to financial and reputational damage.