In order to provide 4G LTE services to its customers in
Mississippi, leading telecom company
) 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
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
Other stocks to Consider
Better-ranked stocks in this sector include
BT Group plc
Chunghwa Telecom Co., Ltd.
Level 3 Communications, Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
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AT&T INC (T): Free Stock Analysis Report
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BT GRP PLC-ADR (BT): Free Stock Analysis Report
CHUNGHWA TELECM (CHT): Free Stock Analysis
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