AT&T (NYSE:T) tumbled to 52‑week lows as SpaceX Starlink moves and Russell exclusion rattled markets, even as a Dish deal frees ~$20.25B to cut debt and an FCC $2.4B escrow looms; AT&T rolls out bundled fiber/internet plans and pursues satellite backup talks with rivals.
Previous Week Recap
- AT&T Near 52-Week Lows: AT&T (T) hit 52-week lows near $19.89–$21.28, plunged about 3.65% intraday after SpaceX Starlink retail/terrestrial plans and its removal from the Russell Top 50; serves 109M mobile subs.
- AT&T, Dish Deal Impact: AT&T deal with Dish will free about $20.25B to retire a loan and settle bonds; FCC ordered a $2.4B escrow for decommissioning. Impact: funding and balance-sheet changes for T traders.
- AT&T Fiber Adds To Build‑A‑Plan: AT&T (T) now lets customers add AT&T Fiber or Internet Air to Build‑A‑Plan wireless for single monthly billing. Bundled wireless plus home internet starts at $70 per month, effective July 7.
- AT&T/T-Mobile/Verizon Satellite JV: AT&T held talks with T-Mobile and Verizon on a joint venture to use satellite links as backup for cellular networks, aiming to boost coverage and redundancy amid satellite competition.
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