SoFi CEO enters prepaid forward contract on 1.5 million shares
DALLAS - AT&T Inc. (NYSE:T) announced Thursday it will dual list its common stock on NYSE Texas, the newly launched electronic equities exchange headquartered in Dallas, effective August 1, 2025.
The telecommunications giant will maintain its primary listing on the New York Stock Exchange while adding the NYSE Texas listing, continuing to trade under the "T" ticker symbol on both exchanges.
"North Texas is home to AT&T’s global headquarters and we’re proud to be part of the vibrant and dynamic pro-business environment fostered by the Lone Star State," said John Stankey, AT&T Chairman and CEO, in a press release statement.
AT&T’s relationship with the New York Stock Exchange dates back to September 4, 1901, making it one of only 12 companies that have maintained NYSE listings for more than 120 years.
The company reports it has invested nearly $13 billion in Texas network infrastructure from 2020-2024 and donated over $43 million across the state during that period. According to the announcement, approximately $11 million of those donations were allocated to bridging the digital divide. These investments come as AT&T maintains its strong financial position, generating annual revenue of $124 billion and offering shareholders a 4.04% dividend yield, having maintained dividend payments for 42 consecutive years.
AT&T currently employs nearly 24,000 workers in Texas and has opened 14 Connected Learning Centers throughout the state.
NYSE Texas is a new fully electronic equities exchange based in Dallas, with AT&T joining as one of its founding members.
In other recent news, AT&T reported better-than-expected revenue for the second quarter of 2025, primarily driven by strong equipment sales and exceeding EBITDA forecasts due to its wireline business. The company also benefited from tax savings, which contributed positively to its financial performance. KeyBanc Capital Markets maintained its Sector Weight rating on AT&T, noting better-than-expected broadband and postpaid phone net additions despite higher customer churn. Wolfe Research raised its price target for AT&T to $33 from $32, highlighting the company’s shift from legacy businesses to growth areas such as fiber and mobile services. They project a decrease in EBITDA contribution from declining businesses by 2028. Additionally, Evercore ISI increased its price target for AT&T to $28 from $27, citing effective execution of strategies focused on 5G wireless and fiber services. Meanwhile, TELUS Digital Experience announced the opening of a new office in Dubai to meet the growing demand for AI-powered digital transformation services in the Middle East. This expansion marks TELUS Digital’s first location in the region, aiming to provide comprehensive digital strategy and AI solutions.
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