AT&T Stock News

Thousands of customers lost service on Thursday when the telecommunications company ran into problems while trying to expand its network, the company's chief executive said.

AT&T CEO John Stankey sent a letter to the telecom giant's employees on Sunday about the cellular network outage that occurred Thursday and the company's efforts to restore service.

Service was restored late on Thursday on AT&T's 5G network which covers around 290 million people across the United States.

AT&T will credit customers a full day of service for the carrier's more than 10-hour outage on Thursday that affected more than 70,000 users, saying it was the "right thing to do."

AT&T is offering customers a $5 credit if they were affected by the massive outage on Thursday, which saw over 70,000 customers lose cell service in Texas, Florida, California and other states.

The CEO of AT&T apologized for the widespread cellular outage that knocked out service for thousands of customers and said some accounts will receive credits.

AT&T is planning to give billing credits amounting to $5 per account to customers who were impacted or potentially impacted by last week's wireless outage.

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AT&T's $16.8 billion in free cash flow in 2023 was up from $14.2 billion in 2022. AT&T decreased its net debt by more than $3 billion in 2023.

AT&T will award billing credits to consumers impacted or potentially impacted by a significant wireless Thursday outage because of the disruption, the company said late on Saturday.

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Here are some of the major companies whose stocks moved on the week's news.

Shares of AT&T (NYSE: T ) stock are in recovery mode today after the stock took a big hit yesterday on news of an AT&T outage, which affected as many as 70,000 of the company's customers. Earlier this

The widespread AT&T cellular outage was caused by a software update, the network said. The company said it was not caused by a cyber attack, despite federal agencies looking into the downtime.

An outage with AT&T's cellular network that left tens of thousands of Americans without service on Thursday has prompted discussion of ways to stay in touch when cell networks are down.