The wireless business contributes about 70% of AT&T’s revenue. The company is the third-largest US wireless carrier, connecting 75 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 13% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential services, about 12% of revenue, primarily consist of in-home broadband internet access, serving 16 million customers across a network footprint that reaches more than 60 million homes. AT&T also has a sizable presence in Mexico, with 23 million wireless customers, but this business only accounts for 3% of revenue.

The wireless business contributes about 70% of AT&T’s revenue. The company is the third-largest US wireless carrier, connecting 75 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 13% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential services, about 12% of revenue, primarily consist of in-home broadband internet access, serving 16 million customers across a network footprint that reaches more than 60 million homes. AT&T also has a sizable presence in Mexico, with 23 million wireless customers, but this business only accounts for 3% of revenue.

Congratulations to Spain for winning a World Cup! Yet Spain wasn’t the only “winner,” as some estimates have the tournament adding $40 billion or more to global GDP (with the U.S. economy likely getting a kick-up of around $20 billion). The World Cup indeed has been a defining event of this summer, with an estimated 5 billion people watching — and 1.8 billion people viewing just the final alone. For 39 days, the world’s game took over North America as 48 teams competed across 104 matches, 16 stadiums, and three countries. But the final match was the closing act of a much bigger show. This was the first 48-team World Cup, the first hosted by three countries, and (by a wide margin) the biggest World Cup that has ever been played. Historically, the World Cup has boosted relevant industries, like sporting brands, for months if not years after its completion. With 16 cities across three countries hosting, this was a rolling road show rather than just a single-city event. Thousands of fans visited the United States from all over the world. Hotels, airlines, and ride-hailing/short-term rental platforms all had a stake in a month-plus frenzy of fans moving between Atlanta, Boston, Dallas, Houston, Kansas City, Los Angeles, Miami, New York/New Jersey, Philadelphia, San Francisco, Seattle, Toronto, Vancouver, Mexico City, Guadalajara, and Monterrey. The following is a list of Argus-covered companies we see benefiting from the World Cup.

AT&T provides telecommunications services to consumers in the U.S. and Latin America and to businesses worldwide. SBC Communications Inc. acquired the old AT&T Corp. in November 2005 and took the AT&T name shortly thereafter. The company is the second largest holder of spectrum licenses. It currently has less high-speed coverage than some peers but has a larger and wider 4G presence, including in rural areas and along interstate travel routes.

At the end of 1H26, the company had 38 million fiber locations and over 74 million postpaid phone subscribers. Total revenues in 2025 were almost $126 billion, of which about 80% was for wireless service. The company’s operations in Latin America have been solid. AT&T first moved into the Latin American market in 2013 and acquired two Mexican wireless carriers by 2015.

The shares are a component of the S&P 500. The market cap is $155 billion.