Technology

John Stankey Updates Shareholders at Morgan Stanley Technology, Media & Telecom Conference on March 4

Published

1 year ago

March 4, 2025

DALLAS, March 4, 2025 /PRNewswire/ — Today, AT&T’s chairman and chief executive officer participated in a fireside chat where he discussed the Company’s multi-year strategic growth plan.

Key Takeaways:

AT&T is embarking on a multi-year strategic growth plan that centers around putting customers first and continued network investment.AT&T continues to make progress on becoming the best connectivity provider in America and remains on track to meet all of the financial and operational guidance shared during its fourth quarter 2024 earnings conference call and its 2024 Analyst & Investor Day.

John Stankey, chairman and chief executive officer, AT&T* Inc. (NYSE:T), spoke today at the Morgan Stanley Technology, Media & Telecom Conference where he provided an update to shareholders.

AT&T remains on track to achieve its 2025 consolidated financial guidance and deliver on its multi-year outlook

AT&T remains on track to meet all of the 2025 and multi-year financial and operational guidance shared during its fourth quarter 2024 earnings conference call and at its 2024 Analyst & Investor Day. As previously disclosed, the Company will report 2025 free cash flow and Adjusted EPS excluding DIRECTV.

AT&T expects its multi-year strategic plan to provide $50 billion+ of financial capacity over the next three years, largely through organic growth. Financial capacity represents anticipated free cash flow after distributions to noncontrolling interests, plus expected cash payments from the announced agreement to sell AT&T’s stake in DIRECTV to TPG, as well as net borrowing capacity after the Company achieves its net leverage target.

The Company expects to return $40 billion+ of financial capacity to shareholders through dividends and share repurchases. Under this capital return plan, the Company expects to maintain its current annualized common stock dividend of $1.11 per share. This plan would result in $20 billion+ in total dividend payments, with capacity for about $20 billion in share repurchases, from 2025-2027.

Of the $20 billion share repurchase capacity, AT&T’s Board previously authorized an initial tranche of approximately $10 billion in common stock repurchases. Management expects share repurchases under this authorization to commence when the Company reaches its net leverage target range and expects to conclude by the end of 2026. Additionally, the Company expects approximately $10 billion of share repurchases in 2027, pending Board authorization.

The plan also contemplates approximately $10 billion in incremental financial flexibility for items such as potential organic or inorganic strategic growth investments, debt repayment, redemptions of noncontrolling interests, or additional dividends or share repurchases.

The Company continues to expect to achieve its net leverage target of net-debt-to-adjusted EBITDA in the 2.5x range in the first half of 2025 and maintain leverage within this range through 2027.

AT&T remains focused on growing durable converged relationships with high-quality 5G & fiber customers

AT&T’s multi-year strategic growth plan will substantially advance its progress on becoming the best connectivity provider in America.

As a result of the investment-led strategy announced at its 2024 Analyst & Investor Day, the Company expects to be in a differentiated position within the connectivity industry by the end of the decade. While building the network of the future, AT&T is increasing its opportunity to serve customers how they want to be served, by one provider in a converged manner.

In Mobility, the Company continues to expect full-year wireless service growth in the higher end of the 2% to 3% range and Mobility EBITDA growth in the higher end of the 3% to 4% range. As previously stated, AT&T’s 2025 guidance anticipates a healthy wireless market with further normalization of net adds and overall activity levels.

Additionally, customers reaching the end of their device promotions returned to a more normalized level on a seasonal basis in the fourth quarter of 2024. Postpaid phone net additions in January were impacted by this normalization, typical seasonality and the timing of promotional offers. The Company is pleased with the customer response to the recent launch of AT&T Guarantee and offers introduced over the past several weeks and expects this solid performance to continue for the remainder of the quarter.

In Consumer Wireline, the Company continues to expect full-year consumer fiber broadband revenue growth in the mid-teens and Consumer Wireline EBITDA growth in the high-single to low-double-digit range. AT&T Fiber penetration rates continue to exceed initial business case assumptions with net adds varying from quarter to quarter based primarily on the pace of new fiber locations passed, seasonality and marketplace dynamics.

In Business Wireline, the Company continues to expect full-year Business Wireline EBITDA to decline in the mid-teens range primarily due to continued industry-wide secular declines in legacy services.

Conference details and more are available on the AT&T Investor Relations website

Full conference details are posted on the AT&T Investor Relations website, including a replay of the webcast. To automatically receive AT&T financial news by email, please subscribe to email alerts.

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.

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.

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SOURCE AT&T

Technology

B&R Technology Merger Corp. Announces Pricing of $325 Million Initial Public Offering

Published

43 minutes ago

July 20, 2026

NEW YORK, July 20, 2026 /PRNewswire/ — B&R Technology Merger Corp. (the “Company”) announced the pricing of its initial public offering of 32,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “BRTMU” commencing on July 21, 2026. Each unit consists of one Class A ordinary share of the Company and one-third of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols ” BRTM” and ” BRTMW,” respectively.

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup Global Markets Inc. (“Citigroup”) is acting as sole bookrunner and representative of the underwriters. The Company has granted the underwriters a 45-day option to purchase up to 4,875,000 additional units at the initial public offering price to cover over-allotments, if any.

This offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146.

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

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SOURCE B&R Technology Merger Corp.

Technology

Paris-Planet Is Back with a Fresh New Way to Explore Paris

Published

43 minutes ago

July 20, 2026

MONTREAL, July 20, 2026 /PRNewswire/ — Planning a trip to Paris just got a little easier.

Paris-Planet has officially relaunched with a completely redesigned website that helps travelers discover and book some of Paris’s best museums, attractions, tours, and local experiences in one place.

The new site was built for people who want to spend less time jumping between dozens of websites and more time getting excited about their trip. Whether it’s your first visit to Paris or your fifth, Paris-Planet brings together the experiences that make the city unforgettable.

“We wanted to build the kind of website we would actually use ourselves,” said Chaz Desousa, founder of Paris-Planet. “There are so many incredible things to see in Paris, but planning a trip can quickly become overwhelming. Our goal was to make discovering and booking experiences simple, inspiring, and enjoyable.”

Visitors can browse everything from famous landmarks and museums to food tours, river cruises, walking tours, family activities, and seasonal events. Along with tickets and experiences, the site also features destination guides, travel tips, and ideas for making the most of every day in Paris.

The relaunch also includes a faster website, improved navigation, and a mobile-friendly design, making it easy for travelers to plan before they leave home or while they’re already exploring the city.

Activity provider can sign up here to Sell Paris Tours & Tickets Online

Paris remains one of the world’s most visited destinations, welcoming millions of visitors every year. Paris-Planet was created to help those travelers spend less time searching and more time experiencing everything the city has to offer.

About Paris-Planet

Paris-Planet is an online travel guide and booking platform focused exclusively on Paris. The website helps visitors discover museums, attractions, tours, activities, and unique local experiences while making trip planning simple and enjoyable.

For more information, visit www.paris-planet.com.

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SOURCE Paris-Planet

Technology

Fox ESS Launches POWER BEAST to Simplify C&I Energy Storage Deployment

Published

43 minutes ago

July 20, 2026

SYDNEY, July 21, 2026 /PRNewswire/ — Fox ESS, a global leader in renewable energy solutions, has announced the Australian launch of POWER BEAST, a scalable commercial and industrial energy storage solution combining the H3 Plus Hybrid Inverter with the CQ7 High Voltage Storage Battery.

Traditional commercial battery systems often require extensive cabling, multiple connection points, and significant on-site assembly, “POWER BEAST combines a compact dual-stack design with fast, plug-and-play installation, reducing system height and installation complexity,” said Brooks Richard Geng, APAC & Middle East Managing Director at Fox ESS. “By integrating the H3 Plus with the scalable CQ7 platform, we are helping partners lower costs, save space and deliver C&I projects with greater confidence.”

POWER BEAST is built around the H3 Plus Hybrid Inverter, the modular CQ7 High Voltage Battery and the optional CQ7 Dual Tower Base. Available with AC output from 50 kW to 125 kW, the H3 Plus supports up to three independent battery inputs.

When paired with CQ7 batteries, a single inverter can support up to 292 kWh of storage capacity. Multiple POWER BEAST systems can scale up to 3.125 MW / 7.35 MWh for on-grid applications and 1.25 MW / 2.94 MWh for off-grid applications.

For projects targeting the NSW PDRS BESS4 capacity range, one H3 Plus 100 kW inverter paired with two CQ7 battery stacks provides approximately 195 kWh of storage capacity, allowing projects to maximise potential incentive value.

A key feature of POWER BEAST is the CQ7 Dual Tower Base, which supports two battery stacks on one shared base and keeps system height under 1.3 m. Pre-installed power and communication connections simplify installation and reduce wiring risks, while the system integrates solar PV, battery storage, EPS backup, generator and EV charging, with approximately five-second module installation.

By combining the H3 Plus Hybrid Inverter, modular CQ7 storage and the Dual Tower Base accessory, POWER BEAST provides installers, EPCs, distributors and project partners with a scalable C&I platform designed to reduce installation complexity and make more efficient use of available space. For more information, please visit: https://au.fox-ess.com/

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SOURCE Fox ESS