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AT&T (T) Pledges Additional Funds to Bridge Digital Divide
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In a bid to bridge the digital divide in the United States, AT&T Inc. (T - Free Report) has announced an additional $3 billion investment by 2030, bringing the tally to $5 billion since 2021. This commitment underscores AT&T's dedication to providing affordable, high-speed Internet access to millions of Americans, with a goal to help 25 million people get connected throughout the decade.
A significant chunk of Americans reportedly still lack access to wired or fixed wireless broadband, while several others struggle with digital literacy. The investment focuses on addressing barriers to connectivity, including affordability and adoption.
Since 2021, AT&T has already served nearly 5 million Americans with discounted Internet services and digital literacy programs. The company's Connected Learning Centers (CLCs) provide Internet access, computers and training in communities across the country. These centers, like the one operated by the Salvadoran American Leadership and Educational Fund in Los Angeles, offer vital resources for individuals pursuing education, job opportunities and citizenship.
Additionally, AT&T's commitment extends to tribal lands, where connectivity gaps persist. By expanding network coverage and establishing CLCs, AT&T aims to improve access to education, healthcare and economic opportunities for indigenous communities.
The company's investment aligns with broader efforts to advocate for policy changes and public-private partnerships to address the digital divide. AT&T offers affordable connectivity services, advocates for policy initiatives like the Affordable Connectivity Program, and participates in federal funding programs like the Broadband Equity, Accessibility and Deployment program.
Moreover, AT&T continues to enhance its network infrastructure, including 5G and fiber networks, to provide best-in-class coverage and capacity across the nation.
The infrastructure investments position it for growth by ensuring widespread access to its services. As the digital landscape evolves, AT&T's commitment to closing the digital divide underscores its dedication to fostering inclusive connectivity and driving socio-economic progress.
With a customer-centric business model, AT&T is likely to benefit from the increased deployment of mid-band spectrum and greater fiber densification. An integrated fiber expansion strategy is expected to improve broadband connectivity for both enterprise and consumer markets, while steady 5G deployments are likely to boost end-user experience.
AT&T plans to deploy 5G+ service in various stadiums, arenas and practice facilities across the country, along with various company-owned retail stores, to revolutionize the shopping experience. In addition, the company aims to launch 5G+ in several airports while offering secure 5G facilities to the FirstNet network. The acquisition of mid-band spectrum (C-Band) further offers significant bandwidth with better propagation characteristics for optimum coverage in both rural and urban areas.
The stock has lost 11.4% in the past year against the industry’s rise of 1.4%.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2 (Buy). It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 13.3%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Headquartered in White Plains, NY, Turtle Beach Corporation (HEAR - Free Report) develops and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices under the Turtle Beach brand.
Turtle Beach is well-positioned to benefit from quality products and enjoys a solid foothold in its served markets. Its headsets are suited for learning and working remotely via video or audio conferencing. This Zacks Rank #2 stock has a long-term earnings growth expectation of 16%. It has a VGM Score of A.
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AT&T (T) Pledges Additional Funds to Bridge Digital Divide
In a bid to bridge the digital divide in the United States, AT&T Inc. (T - Free Report) has announced an additional $3 billion investment by 2030, bringing the tally to $5 billion since 2021. This commitment underscores AT&T's dedication to providing affordable, high-speed Internet access to millions of Americans, with a goal to help 25 million people get connected throughout the decade.
A significant chunk of Americans reportedly still lack access to wired or fixed wireless broadband, while several others struggle with digital literacy. The investment focuses on addressing barriers to connectivity, including affordability and adoption.
Since 2021, AT&T has already served nearly 5 million Americans with discounted Internet services and digital literacy programs. The company's Connected Learning Centers (CLCs) provide Internet access, computers and training in communities across the country. These centers, like the one operated by the Salvadoran American Leadership and Educational Fund in Los Angeles, offer vital resources for individuals pursuing education, job opportunities and citizenship.
Additionally, AT&T's commitment extends to tribal lands, where connectivity gaps persist. By expanding network coverage and establishing CLCs, AT&T aims to improve access to education, healthcare and economic opportunities for indigenous communities.
The company's investment aligns with broader efforts to advocate for policy changes and public-private partnerships to address the digital divide. AT&T offers affordable connectivity services, advocates for policy initiatives like the Affordable Connectivity Program, and participates in federal funding programs like the Broadband Equity, Accessibility and Deployment program.
Moreover, AT&T continues to enhance its network infrastructure, including 5G and fiber networks, to provide best-in-class coverage and capacity across the nation.
The infrastructure investments position it for growth by ensuring widespread access to its services. As the digital landscape evolves, AT&T's commitment to closing the digital divide underscores its dedication to fostering inclusive connectivity and driving socio-economic progress.
With a customer-centric business model, AT&T is likely to benefit from the increased deployment of mid-band spectrum and greater fiber densification. An integrated fiber expansion strategy is expected to improve broadband connectivity for both enterprise and consumer markets, while steady 5G deployments are likely to boost end-user experience.
AT&T plans to deploy 5G+ service in various stadiums, arenas and practice facilities across the country, along with various company-owned retail stores, to revolutionize the shopping experience. In addition, the company aims to launch 5G+ in several airports while offering secure 5G facilities to the FirstNet network. The acquisition of mid-band spectrum (C-Band) further offers significant bandwidth with better propagation characteristics for optimum coverage in both rural and urban areas.
The stock has lost 11.4% in the past year against the industry’s rise of 1.4%.
Image Source: Zacks Investment Research
AT&T currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Picks
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2 (Buy). It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 13.3%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Headquartered in White Plains, NY, Turtle Beach Corporation (HEAR - Free Report) develops and markets gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices under the Turtle Beach brand.
Turtle Beach is well-positioned to benefit from quality products and enjoys a solid foothold in its served markets. Its headsets are suited for learning and working remotely via video or audio conferencing. This Zacks Rank #2 stock has a long-term earnings growth expectation of 16%. It has a VGM Score of A.