Here's the deal. My chap owns this. We've held this thing for so long, waiting for this deal to happen.And here it is. DuPont completing the $4 billion spin-off of its electronics division this morning. It's unity and it's officially replacing the Eastman Chemical Bye-Bye and the S&P 500 today.Joining us now, fresh from ringing the opening bell, is CEO John Kemp. John, congratulations. This is a very important deal for people looking for a actually a new way to play all the stuff we talk about all the time. ...

AT&T (NYSE:T) Q3 2025 Earnings Call October 22, 2025 08:30 AM ET Company ParticipantsPascal Desroches - CFOMichael Rollins - Managing DirectorJohn Stankey - Chairman and CEOBrett Feldman - Senior VP of Finace and Investor RelationsBenjamin Swinburne - Managing DirectorConference Call ParticipantsPeter Supino - Managing Director and Senior AnalystJohn Hodulik - Media and Telecom AnalystMichael Ng - Equity Research AnalystSebastiano Petti - Senior Research AnalystDavid Barden - AnalystOperatorGood morning and ...

AT&T (NYSE:T) Q3 2025 Earnings Call October 22, 2025 08:30 AM ET Company ParticipantsPascal Desroches - CFOMichael Rollins - Managing DirectorJohn Stankey - Chairman and CEOBrett Feldman - Senior VP of Finace and Investor RelationsBenjamin Swinburne - Managing DirectorConference Call ParticipantsPeter Supino - Managing Director and Senior AnalystJohn Hodulik - Media and Telecom AnalystMichael Ng - Equity Research AnalystSebastiano Petti - Senior Research AnalystDavid Barden - AnalystOperatorGood morning and ...

AT&T (NYSE:T) Q3 2025 Earnings Call October 22, 2025 08:30 AM ET Speaker2Good morning and welcome to AT&T's third quarter 2025 earnings call. At this time, all participants are in a listen-only mode. Should you need assistance during the call, please press star, then zero, and an operator will assist you offline. Following the presentation, the call will open for your questions. If you would like to ask a question, please press star, then one, and you will be placed in the question queue. If you are in the ...

AT&T (NYSE:T) Q3 2025 Earnings Call October 22, 2025 08:30 AM ET Speaker0Good morning, and welcome to AT and T's Third Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. As a reminder, this conference is being recorded. I would now like to turn the conference call over to our host, Brett Senior Vice President, Finance and Investor Relations. Please go ahead.Speaker1Thank you, and good morning. Welcome to our third quarter call. I'm Brett Feldman, Head of Inve ...

交易概述 - AT&T同意以约230亿美元全现金交易收购EchoStar的特定无线频谱许可证[2] - 交易包括收购全国范围30 MHz的3.45 GHz中频段频谱和20 MHz的600 MHz低频段频谱[5] - 交易预计于2026年中完成 需满足监管批准等条件[7] 频谱资产详情 - 获得频谱覆盖美国超过400个市场 显著增强公司低频段和中频段频谱持有量[5] - 新增约50 MHz低频段和中频段频谱 覆盖美国几乎所有市场[9] - 中频段频谱与5G网络兼容 公司将尽快开始部署[6] 战略意义 - 加强公司融合连接领导战略 目标是成为美国最佳连接提供商[1] - 提升5G无线和家庭互联网体验 支持在更多市场提供融合服务[4][9] - 通过减少资本密集型基站建设需求 实现长期运营效率[11] - 支持新兴AI和物联网应用 如AI原生设备、自动驾驶汽车和先进机器人[10] 合作伙伴关系 - 增强与EchoStar的长期批发网络服务协议 使其作为混合移动网络运营商运营Boost Mobile品牌[3] - AT&T成为EchoStar主要网络服务合作伙伴 继续服务无线客户[3] 财务影响 - 公司计划用手头现金和增量借款为交易融资[13] - 交易完成后 净债务与调整后EBITDA比率预计升至3倍范围 并在约3年内回归2.5倍目标范围[13] - 重申2025年财务指引和资本回报计划 包括2025-2027年200亿美元股票回购能力[9][14] - 交易预计在完成后前24个月对调整后EPS和自由现金流无重大影响 第三年起产生增值[15] 网络与服务扩展 - 加速扩展AT&T Internet Air高级固定无线家庭互联网服务[11] - 在计划提供AT&T Fiber的区域快速增加AT&T Internet Air客户群[11] - 促进客户从传统铜基服务向下一代连接过渡[11] - 结合美国最大且增长最快的光纤互联网网络 提升5G网络能力[10]