Leading telecom carrier,
) is reportedly seeking opportunities in the European continent.
According to recent Bloomberg reports, the company is in talks to
buy around 29.9% in
). AT&T is also looking to own assets in
) as well as digital communications company - EE, one of the
largest operators in the UK and a joint venture between Deutsche
Telekom AG and France Telecom S.A.
AT&T is eyeing opportunities to improve its growth profile
through a number of strategic initiatives. Acquisition being one
of them, has played a major role in shaping AT&T's growth
trajectory. In the domestic market, the company entered into an
agreement with Verizon Wireless of
Verizon Communications Inc.
) 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
AT&T also plans to buy the remaining portion of Alltel's
wireless operations including spectrum licenses, retail stores
and network assets from Atlantic Tele-Networks Inc. AT&T aims
to enhance its high-speed wireless network to generate more
profits from the growing demand for mobile Internet services for
smartphones, tablets and other devices.
AT&T is experiencing strong momentum in its wireless
businesses. Continued strength in smartphone and branded
computing device sales are fueling growth in the wireless
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
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
AT&T has a Zacks Rank #3 (Hold) rating.
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