1、mobilizing your worldAT&T Inc.2015 Annual Report AT&T INC.|1TO OUR INVESTORS2015 was an eventful year for our company.We closed our acquisition of DIRECTV and bought two companies that give us access to the Mexican wireless market.We were successful in the U.S.governments auction of wireless airwave
2、s,enhancing our industry-best portfolio of this valuable resource.Combined with our major investments over the past 5 years in our wireless,fiber and Internet Protocol(IP)networks,we have assembled the pieces to claim leadership as the top integrated communications company in the world.We believe it
3、 is important for you to understand our core business strategy and the competitive advantages that come from being an integrated communications company.We also want to reiterate how our business strategy and our capital allocation strategy work together to create value for you,our owners.Randall Ste
4、phensonChairman,Chief Executive Officer and President2|AT&T INC.This is our mission.Its a simple but ambitious statement.Weve invested heavily to build and assemble the assets and people we need to connect our customers to everything and to connect them faster,more reliably and more securely than ev
5、er before.We are moving beyond the smartphone era into a world where billions of devices will be connected to networks around the globe.The future demands instantaneous connectivity for everything from drones to self-driving cars to virtual reality devices.Only an integrated communications company c
6、an provide the end-to-end connectivity this exciting new world demands.OUR STRATEGYTo become the premier integrated communications company in the world,weve invested in 5 key areas:Lead in connectivity and integrated solutions.It all begins with connectivity.Premier network assets are the foundation