AT&T Statement on Elliott Management Letter to Board of Directors
September 09 2019 - 9:52AM
Business Wire
Our management team and Board of Directors maintain a regular
and open dialogue with shareholders and will review Elliott
Management’s perspectives in the context of the company’s business
strategy. We look forward to engaging with Elliott. Indeed, many of
the actions outlined are ones we are already executing today.
AT&T’s Board and management team firmly believe that the
focused and successful execution of our strategy is the best path
forward to create long-term value for shareholders. This strategy
is driven by the unique portfolio of valuable businesses we’ve
assembled across communications networks and media and
entertainment, and as Elliott points out, is the foundation for
significant value creation. We believe growing and investing in
these businesses is the best path forward for our company and our
shareholders.
*About AT&T AT&T Inc. (NYSE:T) is a diversified,
global leader in telecommunications, media and entertainment, and
technology. It executes in the market under four operating units.
WarnerMedia is a leading media and entertainment company that
creates and distributes premium and popular content to global
audiences through its consumer brands including: HBO, Warner Bros.,
TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network,
Adult Swim, Turner Classic Movies and others. AT&T
Communications provides more than 100 million U.S. consumers with
entertainment and communications experiences across TV, mobile and
broadband services. Plus, it serves nearly 3 million business
customers with high-speed, highly secure connectivity and smart
solutions. AT&T Latin America provides pay-TV services across
11 countries and territories in Latin America and the Caribbean,
and is the fastest growing wireless provider in Mexico, serving
consumers and businesses. Xandr provides marketers with innovative
and relevant advertising solutions for consumers around premium
video content and digital advertising through its AppNexus
platform.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2019 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190909005626/en/
Larry Solomon AT&T Inc. Phone: (214) 757-3550 Email:
larry.solomon@att.com
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