| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | US00206R1023 |
| Industry group | Telecommunication services |
AT&T is an American telecommunications company. The company provides local and long-distance phone services, wireless communication, internet access and messaging, IP-based and satellite television, security services and telecommunications equipment. AT&T operates through the Communications (98% of revenues) and Latin America (2% of revenues) segments. The Communications segment provides more than 100 million consumers in the US with communications and entertainment experiences across mobile and broadband. The segment serves both businesses and consumers and includes the company's leading 5G network in the US. AT&T’s Latin America segment offers mobile services to consumers and businesses in Mexico.
Investment rationale
In an increasingly digital society, connectivity and access to internet are essential in order for people to communicate, work from home and get access to education, healthcare and entertainment. AT&T provides such connectivity to both consumers and businesses through its broadband and wireless networks in the US and Mexico. In the U.S., AT&T has a wireless network covering more than 99% of Americans, thus also providing connectivity to the rural and sparsely populated areas of the country. To offer affordable broadband connections to lower-income households and underserved communities, AT&T participates in the federal Affordable Connectivity Program that offers a USD 30-75 discount to households with incomes below USD 30,000 and actively competes for contracts to lay out broadband networks for rural communities.
AT&T also has extensive community and education programs to improve digital literacy among all ages, to enable safe access to the internet and to provide education resources to students that lack connectivity or devices (financing computer rooms at schools, providing devices and affordable internet access). All in all, these activities promote access to the digital society for people from all incomes and locations.