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AT&T Rolls Out 5G Handsets With Samsung, Seeks More Market

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Delivering on its promise of providing Americas best wireless network, AT&T Inc. (T - Free Report) recently announced to make available the Samsung Galaxy S10 5G for its Business customers and 5G developers via AT&T Developer Program.

Starting June 17, the sought-after move is likely to spur ongoing developments in the field of next-generation mobile communication. The fifth-generation cellular wireless technology will offer new connected experiences to subscribers as faster speeds and lower latency remains core tenet. This will also drive the next industrial revolution through unparalleled mobile capabilities.

With that in mind, customers availing the new AT&T Business Unlimited Preferred plan can get the Galaxy S10 5G handset — Samsung’s first 5G device — on AT&T’s 5G mmWave (5G+) network. The company’s new plan includes access to the AT&T network at no extra cost.

Presently, the telecom behemoth’s 5G+ network is available in select areas of 19 cities, planned to reach parts of at least 30 cities. Such transition is expected to help enhance the company’s wireless service revenue growth and postpaid phone net additions.

For the time being, enterprises can get the Galaxy S10 5G with 256GB internal memory through their AT&T account representatives for $999.99. AT&T has been actively working with Ericsson (ERIC - Free Report) , Nokia (NOK - Free Report) and Samsung as its key technology partners to build out the 5G network. Markedly, the first 5G-enabled device was NETGEAR, Inc. (NTGR - Free Report) Nighthawk 5G Mobile Hotspot.

The company is also building networks that will enable fiber-based connectivity and LTE to work efficiently in parallel with 5G solutions, making the most of business transformation alongside opportunities to increase revenues and reduce operating expenses.

Driven by diligent execution of operational strategies, shares of AT&T have rallied 12.8% compared with the industry’s rise of 7% in the year-to-date period. In addition, the wireless service provider intends to meet its de-leveraging goals with healthy free cash flow and asset sales.

This Zacks Rank #3 (Hold) stock has long-term EPS growth expectation of 4.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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