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AT&T Inc

NEW
LTS:0QZ1 (USA)   Ordinary Shares
$ 16.79 (0%) Oct 30
17.90
P/B:
1.54
Market Cap:
$ 158.00B
Enterprise V:
$ 301.76B
Volume:
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Avg Vol (2M):
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Business Description

Description
The wireless business contributes nearly 70% of AT&T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.