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AT&T Collaborates With University of Miami for 5G+ Solutions

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AT&T Inc. (T - Free Report) has collaborated with the University of Miami to unveil an enhanced version of 5G — 5G+ — and Multi-access Edge Computing (MEC) technology to encourage students to explore scholarly pursuits on a much-advanced computing platform. The much-awaited digital transformation makes the university the first campus in the United States to adopt AT&T’s 5G+ technology.

The tech behemoth’s 5G+ technology uses millimeter wave spectrum to provide ultra-fast speed, lower latency and higher connectivity in numerous mobile devices. The new category of educational experience powers Magic Leap's spatial computing platform — Magicverse — to amalgamate virtual content with the physical environment, while wearing Magic Leap One headsets. MEC technology will also aid in shifting from using remote data centers to processing information in localized servers, resulting in faster access to data processing, simplifying complicated applications and unlocking new machine learning opportunities to support innovative teaching and research methods.

With an aim to fuel innovative research and academic pursuits, the adoption of AT&T’s next-gen powerful networking solutions in the university’s Coral Gable campus will allow students, faculty, and staff to develop, test and use advanced digital applications. This will enhance Magic Leap's mixed reality platform by creating digital layers of information and content on top of physical spaces, thereby encouraging digital learning and development opportunities.

AT&T will commence rolling out 5G+ and MEC at the university before the end of this year, and is expected to complete it by spring 2020. 5G+ network access will initially be in high-traffic computing locations, such as at the College of Engineering, the Otto G. Richter Library and in the School of Architecture, with plans to add more 5G+ zones throughout the campus.

The company is currently focused on building networks that will enable fiber-based connectivity and LTE to work efficiently side by side with 5G solutions, making the most of business transformation, alongside opportunities to boost revenues and reduce operating expenses. AT&T’s wireless network covers more than 99% of Americans and is reportedly the fastest in the nation. Its LTE network covers more than 400 million people in North America. Sustainable subscriber growth supported by strong network expansion remains key drivers.

Moreover, AT&T aims to deploy a standards-based, nationwide mobile 5G network in early 2020, involving the utilization of millimeter wave spectrum for deployment in suburban and rural areas. At present, the company’s 5G Evolution technology is live in more than 200 markets, and is expected to reach more than 400 markets by the end of 2019.

AT&T has long-term earnings growth expectation of 4.5%. Backed by diligent execution of operational strategies, the stock has gained 37.5% compared with the industry’s rise of 19.8% in the year-to-date period.

Zacks Rank & Stocks to Consider

AT&T currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the industry are ATN International, Inc. (ATNI - Free Report) , United States Cellular Corporation (USM - Free Report) and Verizon Communications Inc. (VZ - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

ATN International surpassed estimates twice in the trailing four quarters, the average positive earnings surprise being 143.9%.

United States Cellular outpaced estimates twice in the preceding four quarters, the average positive earnings surprise being 13.4%.

Verizon exceeded estimates in each of the trailing four quarters, the average positive earnings surprise being 2.2%.

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