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AT&T (T) is selling its wireless business in Mexico and eliminating the role of its global marketing officer, Lori M. Lee, as part of a strategic shift to streamline its international operations. The changes reflect efforts to reconfigure its global strategy and may impact its competitive position in Latin America.

Bernstein downgraded AT&T (T) to Market Perform, citing SpaceX's broadband push, and lowered its target to $24. AT&T is set to report Q3 earnings on Oct. 21, with growth expectations tied to Lumen footprint and convergence metrics. The company aims to reduce net debt to 2.5x EBITDA within three years. Consensus expects adjusted EPS of $0.60 on revenue of $31.6B for Q3. Analysts have a mid-target price of $39, suggesting a 65% potential return.

AT&T INC. (T) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 14, 2026, Lori M. Lee, Global Marketing Officer & Senior Executive Vice President – International of AT&T Inc.,

SpaceX, led by Elon Musk, may build a mobile network starting with rural areas, targeting Starlink's existing customer base. Analyst Roger Entner estimates a $10B-$15B network cost, significantly lower than competitors' estimates. SpaceX acquired 800 MHz spectrum for $8B, causing major U.S. carriers' shares to drop sharply. Incumbents dismiss the threat, citing spectrum and infrastructure challenges.

A KDC-affiliated LLC filed plans for AT&T's Plano campus, starting Dec. 1, with $1B+ construction costs and completion by March 2029. The project includes seven office buildings, a utility plant, and garages. Plano offered $20M in incentives, requiring AT&T to invest at least $1.35B, build 2M SF, employ 10,000 workers, and stay for 25 years.

Crocs (CROX) and Liquidia (LQDA) received upgrades, while Array Technologies (ARRY), Albertsons (ACI), AT&T (T), and AST SpaceMobile (ASTS) faced downgrades. Analysts cited various concerns, including competition, financial outlook, and business challenges. Price targets were adjusted accordingly. Year-to-date, CROX and LQDA gained, while ARRY, ACI, T, and ASTS declined.

President Trump's $333M White House ballroom fundraising includes a disputed $5M AT&T pledge, with discrepancies in donor records. AT&T denies the pledge. The total is below the $400M target. Construction costs are estimated at $600M. Major donors include Nvidia, Apple, and others, with some requesting anonymity. Donors with federal business ties contributed about half the total.

AT&T (T) acquired Lumen's (LUMN) consumer fiber business for $5.75B, adding 1M+ subscribers and 4M+ locations. The deal aims to accelerate AT&T's network expansion and improve competitive positioning. AT&T trades at 10x forward earnings, with analysts expecting 10% annual EPS growth. The acquisition's success depends on customer adoption and spending.

SpaceX agreed to pay $8B for US low-band spectrum, causing shares of AT&T, Verizon, and T-Mobile to fall. The deal requires FCC approval. European telecom shares also declined, with Deutsche Telekom down 8.6% this year. The European Union proposed reserving two-thirds of its equivalent spectrum for European firms and sovereign use.

AT&T agreed to sell its Mexican business for $2bn to focus on US operations, simplifying its investment story. BNP Paribas estimates the sale multiple at 2.2 times 2027 EBITDA, with potential upside in the core business. AT&T faces domestic competition, including from SpaceX's Starlink.