AT&T Extends 4G LTE to Mississippi - Analyst Blog


In order to provide 4G LTE services to its customers in Mississippi, leading telecom company AT&T Inc. ( T ) has upgraded more than 100 of its mobile Internet cell sites. This upgrade is a part of the company's Project Velocity IP (VIP), which focuses on improving its IP broadband networks.

AT&T boasts the best Internet speeds in the industry as it is the only U.S. carrier to provide 4G network through both Long Term Evolution (LTE) and High-Speed Packet Access Plus (HSPA+) technologies. Post-upgrade, people in Mississippi will be able to enjoy super fast internet speed with enhanced performance and dependability.

AT&T remains focused on its project VIP initiative, which targets business expansion. These initiatives focus on 4G LTE expansion, spectrum and network capabilities enhancement, and the addition of 8.5 million new U-verse service customers and 57 million broadband users. The aim is to cover 75% of the company's wireline footprint by the end of 2015. In addition, management is also seeking to expand its optical fiber network to include 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 this investment program will provide AT&T with a potential high growth platform for revenues and earnings.

This Zacks Rank #3 (Hold) stock is likely to witness solid momentum in both its Wireline and Wireless businesses. Continued strength in the smartphone business and solid branded computing device sales are driving the wireless business. Wireline is also improving on consistent enhancement of the U-verse and strategic services.

Other stocks to Consider

Better-ranked stocks in this sector include BT Group plc ( BT ), Chunghwa Telecom Co., Ltd. ( CHT ) and Level 3 Communications, Inc. ( LVLT ). All these stocks carry a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: VIP , T , LVLT , BT , CHT

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