) is expanding its 4G LTE coverage by upgrading 7 mobile data
cell sites in Fayetteville, NC. We believe these upgrades will
enable the company to gain significant momentum in the 4G market,
in which it comes a close second to
Verizon Communications Inc.
), with coverage of nearly 150 million subscribers.
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The company boasts the best Internet speeds in the industry, as
it is the only U.S. carrier that provides 4G networks through
both Long Term Evolution (LTE) and High-Speed Packet Access Plus
(HSPA+) technologies. AT&T's LTE networks serve as the
benchmark of mobile technology and the life-blood for operators
across the world. The company is on track to deploy 4G Long-Term
Evolution (LTE) services as early as possible and achieve the
target of connecting 250 million people by 2013-end and 300
million people by 2014-end.
To support its 4G LTE services, the company offers several 4G LTE
smartphones and tablets, including HTC One X, Samsung Smart PC,
Nokia Lumia 900, LG Optimus G and ASUS Vivo Tablet. Recently,
AT&T unveiled plans to roll out smartphones - BlackBerry Z10
and BlackBerry Q10 - with the aim of bringing in more customers
under its wings.
Acquisitions have played a major role in shaping AT&T's
growth story. Recently, the company entered into an agreement
with Verizon Wireless to acquire spectrum licenses. This includes
39 lower 700 megahertz (MHz) licenses, covering 42 million people
in 18 states including major territories such as Chicago, Los
Angeles and Miami. AT&T also plans to buy the remaining
portion of Alltel's wireless operations including spectrum
licenses, retail stores and network assets from Atlantic
Moreover, AT&T aims to enhance its high-speed wireless
network in order to generate more profits from the surging demand
for mobile Internet services for smartphones, tablets and other
However, risk factors such as a saturated wireless market,
persistent losses in access lines, labor union issues and
aggressive pricing plans of direct competitors are likely to
weigh on the company's revenues and margins in the near to medium
Other telecom stocks that will likely perform impressively in the
coming months are
). Both the stocks carry a Zacks Rank #2 (Buy).
AT&T has a Zacks Rank #3 (Hold).