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AT&T (T) Wins Nationwide First Responder Network Contract
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U.S. telecom behemoth AT&T Inc. (T - Free Report) was recently selected by the First Responder Network Authority (FirstNet) to build and manage the first nationwide broadband network dedicated to America's police, firefighters and emergency medical services. The network will cover all 50 states, five U.S. territories and the District of Columbia, including rural communities and tribal lands in those states and territories. This move can be considered a necessary boost to the company’s profile.
As part of the 25-year contract, FirstNet will provide AT&T with a swath of 20 MHz of spectrum in the 700 MHz frequency band for the entire duration. AT&T will also be given success-based payments of $6.5 billion over the next five years to design and build out the network. The company is expected to spend around $40 billion over the life of the contract to build, deploy, operate and maintain the network. AT&T has projected that this contract will create more than 10,000 jobs over the next two years.
AT&T’s consortium to deploy FirstNet includes Motorola Solutions Inc. (MSI - Free Report) , General Dynamics Corp. (GD - Free Report) , Sapient Consulting and Inmarsat Government. Importantly, per the deal, AT&T will be able to use this highly valuable spectrum for commercial purposes and consumer services as well. This is the reason why several industry researchers have opined that FirstNet project may become a boon for cell tower operators such as American Tower Corp. (AMT - Free Report) and SBA Communications Corp. (SBAC - Free Report) .
Importantly, AT&T has been quite ahead of other wireless carriers in relation to 5G wireless network trials and 3GPP standards for 5G. The company is planning to offer standards-based mobile 5G services to consumers from late 2018. Ahead of this, AT&T is also planning ‘mobile-first’ 5G trials in 2017. The second trial is expected to start in Apr 2017 in Austin. AT&T will connect FirstNet users to the company's telecommunications network assets, valued at more than $180 billion.
Price performance of AT&T
Year to date, the stock price of AT&T has witnessed a negative growth of 1.81%, better than the Zacks categorized U.S National Wireless industry’s negative growth rate of 3.34%.
Nevertheless, AT&T is diversifying its businesses significantly. The company became the largest pay-TV operator last year, after its acquisition of satellite TV behemoth DIRECTV. Moreover, AT&T already has a strong presence in the Mexican wireless market and several Latin American pay-TV markets. The proposed merger with Time Warner will provide AT&T with a portfolio of lucrative contents. We believe substantial diversification in related fields is the reason behind the stock currently carrying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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AT&T (T) Wins Nationwide First Responder Network Contract
U.S. telecom behemoth AT&T Inc. (T - Free Report) was recently selected by the First Responder Network Authority (FirstNet) to build and manage the first nationwide broadband network dedicated to America's police, firefighters and emergency medical services. The network will cover all 50 states, five U.S. territories and the District of Columbia, including rural communities and tribal lands in those states and territories. This move can be considered a necessary boost to the company’s profile.
As part of the 25-year contract, FirstNet will provide AT&T with a swath of 20 MHz of spectrum in the 700 MHz frequency band for the entire duration. AT&T will also be given success-based payments of $6.5 billion over the next five years to design and build out the network. The company is expected to spend around $40 billion over the life of the contract to build, deploy, operate and maintain the network. AT&T has projected that this contract will create more than 10,000 jobs over the next two years.
AT&T’s consortium to deploy FirstNet includes Motorola Solutions Inc. (MSI - Free Report) , General Dynamics Corp. (GD - Free Report) , Sapient Consulting and Inmarsat Government. Importantly, per the deal, AT&T will be able to use this highly valuable spectrum for commercial purposes and consumer services as well. This is the reason why several industry researchers have opined that FirstNet project may become a boon for cell tower operators such as American Tower Corp. (AMT - Free Report) and SBA Communications Corp. (SBAC - Free Report) .
Importantly, AT&T has been quite ahead of other wireless carriers in relation to 5G wireless network trials and 3GPP standards for 5G. The company is planning to offer standards-based mobile 5G services to consumers from late 2018. Ahead of this, AT&T is also planning ‘mobile-first’ 5G trials in 2017. The second trial is expected to start in Apr 2017 in Austin. AT&T will connect FirstNet users to the company's telecommunications network assets, valued at more than $180 billion.
Price performance of AT&T
Year to date, the stock price of AT&T has witnessed a negative growth of 1.81%, better than the Zacks categorized U.S National Wireless industry’s negative growth rate of 3.34%.
Nevertheless, AT&T is diversifying its businesses significantly. The company became the largest pay-TV operator last year, after its acquisition of satellite TV behemoth DIRECTV. Moreover, AT&T already has a strong presence in the Mexican wireless market and several Latin American pay-TV markets. The proposed merger with Time Warner will provide AT&T with a portfolio of lucrative contents. We believe substantial diversification in related fields is the reason behind the stock currently carrying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>