) announced that it is set to provide all fiber Internet network
facility in Austin covering a broadband speed 1GB per second.
Alongwith advanced TV services, the company is planning to offer
its U-verse services powered by GigaPowerSM, representing one of
the fastest Internet services in the city.
AT&T plans to take up U-verse to 10,000 customer locations
across Austin with further expansions expected through 2014.
AT&T announced it would work with government authorities to
develop more fiber network platforms in Austin that complements
the city's technology ecosystem. The company's new initiatives of
offering U-verse with GigaPower remain part of its multi billion
program- Project Velocity IP (VIP).
In Project Velocity IP, AT&T will invest $14 billion in
the coming three years to considerably expand the wireless
(investment of $8 billion) and wireline (investment of $6
billion) Internet Protocol (IP) broadband networks. The company
targets to extend wireline IP network to nearly 57 million
customer locations (including both customers and small
businesses) - covering 75% of AT&T's wireline service area -
by the end of 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, leading to higher revenues and
improved earnings per share.
Further, AT&T is looking at opportunities to improve its
growth profile through a number of strategic initiatives. The
company plans to woo customers with early upgrades to smartphones
and tablets every year. The carrier also started offering a new
device upgrade service called AT&T Next that will allow
subscribers (both new and existing customers) to change their old
smartphones or tablets every year without any upgrade fee or down
payment. Further, AT&T struck a deal with New Zealand based
Opus International Consultants to render global networking
AT&T currently has a Zacks Rank #3 (Hold).
Hawaiian Telcom Holdco, Inc.
), with Zacks Rank #1 (Strong Buy),
BT Group plc
Portugal Telecom, SGPS S.A.
), both with Zacks Rank #2 (Buy) are the three stocks which we
believe are worth considering for investment.
BT GRP PLC-ADR (BT): Free Stock Analysis
HAWAIIAN TELCOM (HCOM): Free Stock Analysis
PORTUGAL TELCOM (PT): Free Stock Analysis
AT&T INC (T): Free Stock Analysis Report
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