Leading telecom carrier, AT&T, Inc. (T) has been ranked as the top wireless service provider in Indianapolis as per the RootMetrics wireless network performance study. The ranking was based on overall network performance with regard to call, text and mobile Internet performance.
We believe the carrier’s recognition as the top performing carrier would not only strengthen its foothold in the U.S. but also enable customer accretion at an accelerated rate.
AT&T’s focus on its project VIP, which targets business expansion has helped the company gain significant popularity, driving it to the top spot in wireless performance. Expanding 4G LTE, enhancing spectrum and network capabilities, expanding U-verse services to 8.5 million new customer locations and expansion of broadband services to 57 million users, covering 75% of the company’s wireline footprint by the end of 2015 are the company’s priorities.
In addition, the company is also seeking to expand its fiber network to 1 million additional customer locations by 2015. This project underlines the company’s efforts to meet the growing demand for high-speed Internet. We believe that this investment program will provide AT&T with a high-potential growth platform for revenues and earnings.
Further, AT&T boasts the best Internet speeds in the industry as it is the only U.S. carrier that provides 4G network through both Long Term Evolution (LTE)and High-Speed Packet Access Plus (HSPA+) technologies.AT&T’s LTE network serves asthe benchmark of mobile technology and the life-blood for operators across the world. The company is running ahead of schedule in 4G LTE service deployment.
he company currently covers about 250 million 4G LTE users across 435 markets and expects to connect 300 million users by 2014 end. To support these services, the company offers several 4G LTE smartphones and tablets.
AT&T collaborated with NEC Corp. for the launch of 4G LTE hardy smartphone – NEC Terrain – with the aim of expanding coverage. Moreover, to support network infrastructure, AT&T acquired 39 lower 700 MHz B Block spectrum licenses from Verizon Communication (VZ) for $1.9 billion and transferred certain licenses to Verizon Wireless for Advanced Wireless Services (AWS-1), under an agreement announced in Jan 2013.
We believe all these initiatives will enable the company to continue as market leader in wireless service and expand internationally in the future.
AT&T has a Zacks Rank #3 (Hold).
Better-ranked stocks in this sector include Hawaiian Telcom Holdco, Inc.(HCOM) and Level 3 Communications, Inc. (LVLT). Both carry a Zacks Rank #1 (Strong Buy).
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